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| UNITED STATES                      |
|------------------------------------|
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, DC  20549    |
|                               |
| FORM 10-Q                          |
| (Mark One)                         |
| [X]                                | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|                               |
| For the quarterly period ended:    | March 31, 2011 |
| 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)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Louisiana                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 02-0815311 |
| (State or other jurisdiction of incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | (IRS Employer Identification No. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 624 Market Street, Shreveport, Louisiana                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 71101 |
| (Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | (Zip Code) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (318) 222-1145                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| (Registrant’s telephone number, including area code)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (Former name, former address and former fiscal year, if changed since last report)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 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.    Yes   [X]    No   [   ]                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).         Yes     [   ]    No     [   ]                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One):                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Large accelerated filer                                [   ]                                                   Accelerated filer          [   ]                                                                                           |
| Non-accelerated filer                                  [   ]                                                   Smaller reporting company                        [X] |
| (Do not check if a smaller reporting company)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Yes  [  ]     No  [   ]                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|  Shares of common stock, par value $.01 per share, outstanding as of May 12, 2011: The registrant had 3,045,913 shares of common stock outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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| PART I                      | --                                                                                    | FINANCIAL INFORMATION | Page |
|-----------------------------|---------------------------------------------------------------------------------------|-----------------------|------|
|                        |
| Item 1:                     | Financial Statements (Unaudited)                                                      |                  |
|                        |
|                        | Consolidated Statements of Financial Condition                                        | 1                     |
|                        |
|                        | Consolidated Statements of Income                                                | 2                     |
|                        |
|                        | Consolidated Statements of Changes in Stockholders' Equity                            | 3                     |
|                        |
|                        | Consolidated Statements of Cash Flows                                                 | 4                     |
|                        |
|                        | Notes to Consolidated Financial Statements                                            | 6                     |
|                        |
| Item 2:                     | Management's Discussion and Analysis of Financial Condition and Results of Operations | 17                    |
|                        |
| Item 3:                     | Quantitative and Qualitative Disclosures About Market Risk                            | 23                    |
|                        |                                                                                  |                  |
| Item 4:                     | Controls and Procedures                                                               | 23                    |
|                        |                                                                                  |                  |
| PART II - OTHER INFORMATION |
|                        |
| Item 1:                     | Legal Proceedings                                                                     |  23              |
|                        |
| Item 1A:                    | Risk Factors                                                                          |  23              |
|                        |
| Item 2:                     | Unregistered Sales of Equity Securities and Use of Proceeds                           |  23              |
|                        |
| Item 3:                     | Defaults Upon Senior Securities                                                       |  23              |
|                        |
| Item 4:                     | [Removed and Reserved]                                                                |  23              |
|                        |
| Item 5:                     | Other Information                                                                     |  23              |
|                        |
| Item 6:                     | Exhibits                                                                              |  24              |
|                        |
| SIGNATURES                  |

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| HOME FEDERAL BANCORP, INC. OF LOUISIANA                   |   |
|-----------------------------------------------------------|--------|
|                                                      |   |
| CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION(Unaudited) |   |

|                                                                              |   |   | March 31, 2011                     |   |   |   |   June 30, 2010 |   |
|-----------------------------------------------------------------------------------|--------|--------|-----------------------------------------|--------|--------|--------|---------------------------|--------|
|                                                                              |   |   |  (In Thousands, Except Share Data) |   |
| ASSETS                                                                            |   |   |                                    |   |   |   |                      |   |
| Cash and Cash Equivalents (Includes Interest-Bearing                              |   |   |                                    |   |   |   |                      |   |
| Deposits with Other Banks of $4,742 and $4,698 for                                |   |   |                                    |   |   |   |                      |   |
| March 31, 2011 and June 30, 2010, Respectively)                                   |   | $      | 10,602                                  |   |   | $      |  8,837               |   |
| Securities Available-for-Sale                                                     |   |   | 80,178                                  |   |   |   | 63,688                    |   |
| Securities Held-to-Maturity                                                       |   |   | 5,723                                   |   |   |   | 2,138                     |   |
| Loans Held-for-Sale                                                               |   |   | 1,080                                   |   |   |   | 13,403                    |   |
| Loans Receivable, Net of Allowance for Loan Losses of $748 and $489, respectively |   |   | 114,755                                 |   |   |   | 93,056                    |   |
| Accrued Interest Receivable                                                       |   |   | 779                                     |   |   |   | 560                       |   |
| Premises and Equipment, Net                                                       |   |   | 3,994                                   |   |   |   | 3,049                     |   |
| Other Assets                                                                      |   |   | 479                                     |   |   |   | 414                       |   |
|                                                                              |   |   |                                    |   |   |   |                      |   |
| Total Assets                                                                      |   | $      | 217,590                                 |   |   | $      | 185,145                   |   |
|                                                                              |   |   |                                    |   |   |   |                      |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                        |   |   |                                    |   |
|                                                                              |   |   |                                    |   |   |   |                      |   |
| LIABILITIES                                                                       |   |   |                                    |   |   |   |                      |   |
| Deposits                                                                          |   | $      | 142,079                                 |   |   |   | 117,722                   |   |
| Advances from Borrowers for Taxes and Insurance                                   |   |   | 132                                     |   |   |   | 205                       |   |
| Advances from Federal Home Loan Bank of Dallas                                    |   |   | 23,947                                  |   |   |   | 31,507                    |   |
| Other Accrued Expenses and Liabilities                                            |   |   | 770                                     |   |   |   | 1,425                     |   |
| Deferred Tax Liability                                                            |   |   | 251                                     |   |   |   | 921                       |   |
| Total Liabilities                                                                 |   |   |  167,179                           |   |   |   | 151,780                   |   |
|                                                                              |   |   |                                    |   |   |   |                      |   |
| STOCKHOLDERS’ EQUITY                                                        |   |   |                                    |   |   |   |                      |   |
| Preferred Stock – No Par Value; 10,000,000 Shares                           |   |   | --                                      |   |   |   | --                        |   |
| Authorized; None Issued and Outstanding                                           |   |   |                                    |   |   |   |                      |   |
| Common Stock – 40,000,000 Shares of $.01 Par Value                          |   |   |                                    |   |   |   |                      |   |
| Authorized; 3,045,913 Shares Issued; 3,045,913 Shares                        |   |   |                                    |   |   |   |                      |   |
| and 3,050,244 Shares Outstanding at March 31, 2011 and                       |   |   |                                    |   |   |   |                      |   |
| June 30, 2010, Respectively (1)                                                   |   |   |     32                        |   |   |   |     14          |   |
| Additional Paid-in Capital                                                        |   |   | 30,881                                  |   |   |   | 13,655                    |   |
| Treasury Stock, at Cost – none at March 31, 2011;                           |   |   |                                    |   |   |   |                      |   |
|  191,967 Shares at June 30, 2010 (1)                                         |   |   | --                                      |   |   |   | (2,094                    | )      |
| Unearned ESOP Stock                                                               |   |   | (1,936                                  | )      |   |   | (826                      | )      |
| Unearned RRP Trust Stock                                                          |   |   | (29                                     | )      |   |   | (145                      | )      |
| Retained Earnings                                                                 |   |   | 20,486                                  |   |   |   | 20,665                    |   |
| Accumulated Other Comprehensive Income                                            |   |   | 977                                     |   |   |   | 2,096                     |   |
|                                                                              |   |   |                                    |   |   |   |                      |   |
| Total Stockholders’ Equity                                                  |   |   | 50,411                                  |   |   |   | 33,365                    |   |
|                                                                              |   |   |                                    |   |   |   |                      |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY                                  |   | $      | 217,590                                 |   |   | $      | 185,145                   |   |

| (1) | Prior period per shares issued and outstanding figures were adjusted for comparability using the conversion ratio of 0.9110 due to completion of second step offering on December 22, 2010. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| HOME FEDERAL BANCORP, INC. OF LOUISIANA            |   |
|----------------------------------------------------|--------|
|                                               |   |
| CONSOLIDATED STATEMENTS OF INCOME                  |   |
| (Unaudited)                                        |   |
|                                               |   |
|                                               |   | Three Months EndedMarch 31, |   |   | Nine Months EndedMarch 31, |   |
|                                               |   | 2011 |   |   | 2010 |   |   | 2011 |   |   | 2010 |   |
|                                               |   | (In Thousands, Except Per Share Data) |   |
| INTEREST INCOME                                    |   |   |   |
| Loans, Including Fees                              |   | $ | 1,847 |   |   | $ | 1,304 |   |   | $ | 5,539 |   |   | $ | 3,532 |   |
| Investment Securities                              |   |   | 42 |   |   |   | 17 |   |   |   | 66 |   |   |   | 53 |   |
| Mortgage-Backed Securities                         |   |   | 610 |   |   |   | 933 |   |   |   | 1,963 |   |   |   | 3,090 |   |
| Other Interest-Earning Assets                      |   |   | 8 |   |   |   | 3 |   |   |   | 19 |   |   |   | 7 |   |
| Total Interest Income                              |   |   | 2,507 |   |   |   | 2,257 |   |   |   | 7,587 |   |   |   | 6,682 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST EXPENSE                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Deposits                                           |   |   | 555 |   |   |   | 544 |   |   |   | 1,694 |   |   |   | 1,678 |   |
| Federal Home Loan Bank Borrowings                  |   |   | 216 |   |   |   |  298 |   |   |   | 711 |   |   |   | 941 |   |
| Total Interest Expense                             |   |   | 771 |   |   |   |  842 |   |   |   | 2,405 |   |   |   | 2,619 |   |
| Net Interest Income                                |   |   | 1,736 |   |   |   | 1,415 |   |   |   | 5,182 |   |   |   | 4,063 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION FOR LOAN LOSSES                          |   |   | 36 |   |   |   | -- |   |   |   | 259 |   |   |   | -- |   |
| Net Interest Income afterProvision for Loan Losses |   |   |  1,700 |   |   |   |  1,415 |   |   |   |  4,923 |   |   |   |  4,063 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST INCOME (LOSS)                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gain on Sale of Loans                              |   |   | 352 |   |   |   | 193 |   |   |   | 1,382 |   |   |   | 322 |   |
| Gain on Sale of Investments                        |   |   | -- |   |   |   | 308 |   |   |   | 311 |   |   |   | 494 |   |
| Impairment charge on investment securities         |   |   | -- |   |   |   | (627 | ) |   |   | -- |   |   |   | (627 | ) |
| Other Income                                       |   |   | 79 |   |   |   | 15 |   |   |   | 352 |   |   |   | 39 |   |
| Total Non-Interest Income (loss)                   |   |   | 431 |   |   |   | (111 | ) |   |   | 2,045 |   |   |   | 228 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST EXPENSE                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Compensation and Benefits                          |   |   | 1,026 |   |   |   | 921 |   |   |   | 3,027 |   |   |   | 2,350 |   |
| Occupancy and Equipment                            |   |   | 149 |   |   |   | 111 |   |   |   | 393 |   |   |   | 291 |   |
| Data Processing                                    |   |   | 57 |   |   |   | 31 |   |   |   | 145 |   |   |   | 77 |   |
| Audit and Professional Fees                        |   |   | 109 |   |   |   | 132 |   |   |   | 291 |   |   |   | 309 |   |
| Franchise and Bank Shares Tax                      |   |   | 74 |   |   |   | 38 |   |   |   | 159 |   |   |   | 113 |   |
| Other Expense                                      |   |   | 242 |   |   |   | 199 |   |   |   | 742 |   |   |   | 520 |   |
| Total Non-Interest Expense                         |   |   | 1,657 |   |   |   | 1,432 |   |   |   | 4,757 |   |   |   | 3,660 |   |
| Income (loss) Before Income Taxes                  |   |   | 474 |   |   |   | (128 | ) |   |   | 2,211 |   |   |   | 631 |   |
|                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION FOR INCOME TAX EXPENSE                   |   |   | 161 |   |   |   | 164 |   |   |   | 751 |   |   |   | 422 |   |
| Net Income (loss)                                  |   | $ | 313 |   |   | $ | (292 | ) |   | $ | 1,460 |   |   | $ | 209 |   |
| EARNINGS (LOSS) PER COMMON SHARE(1):               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                              |   | $ | 0.11 |   |   | $ | (0.10 | ) |   | $ | 0.49 |   |   | $ | 0.07 |   |
| Diluted                                            |   | $ | 0.11 |   |   | $ | (0.10 | ) |   | $ | 0.49 |   |   | $ | 0.07 |   |
| DIVIDENDS DECLARED                                 |   | $ | 0.06 |   |   | $ | 0.06 |   |   | $ | 0.18 |   |   | $ | 0.18 |   |

| (1) | Prior period earnings per share and weighted average shares outstanding figures were adjusted for comparability using the conversion ratio of 0.9110 due to completion of second step offering on December 22, 2010. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                     |   | Common Stock |      |   | AdditionalPaid-inCapital |   |      | UnearnedESOPStock |   |   | Unearned RRPTrustStock |          |   | RetainedEarnings                                                              |      |   | Treasury Stock |   |      | AccumulatedOtherComprehensiveIncome |   |   | TotalStockholders’Equity |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|-----------|--------|--------------------------|--------|-----------|-------------------|--------|--------|------------------------|---------------|--------|-------------------------------------------------------------------------------|-----------|--------|---------------------|--------|-----------|-------------------------------------|--------|--------|--------------------------------|--------|
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   | (In Thousands)         |          |   |                                                                          |      |   |                |   |      |                                |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |
| BALANCE – June 30, 2009                                                                                                                                            |   | $            | 14        |   |                     | $      | 13,608    |              |   | $      | (883                   | )             |   | $                                                                             | (269      | )      |                | $      | 20,288    |                                |   | $      | (1,887                         | )      |   | $ | 439 |   |   | $ | 31,310 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Net Income                                                                                                                                                               |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | 209       |                                |   |   | --                             |   |   |   | -- |   |   |   | 209 |   |
| Other Comprehensive Income:                                                                                                                                              |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
|    Changes in Unrealized Gain      on Securities Available-for-      Sale, Net of Tax Effects |   |         |   -- |   |                     |   |   -- |              |   |   |   --              |          |   |                                                                          |   -- |   |                |   |   -- |                                |   |   |   --                      |   |   |   |   794 |   |   |   |   794 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| RRP Shares Earned                                                                                                                                                        |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | 124       |   |                |   | --        |                                |   |   | --                             |   |   |   | -- |   |   |   | 124 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Stock Options Vested                                                                                                                                                     |   |         | --        |   |                     |   | 43        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | --        |                                |   |   | --                             |   |   |   | -- |   |   |   | 43 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| ESOP Compensation Earned                                                                                                                                                 |   |         | --        |   |                     |   | (8        | )                 |   |   | 43                     |          |   |                                                                          | --        |   |                |   | --        |                                |   |   | --                             |   |   |   | -- |   |   |   | 35 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Dividends Declared                                                                                                                                                       |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | (220      | )                                   |   |   | --                             |   |   |   | -- |   |   |   | (220 | ) |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Acquisition Treasury Stock                                                                                                                                               |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | --        |                                |   |   | (207                           | )      |   |   | -- |   |   |   | (207 | ) |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| BALANCE – March 31, 2010                                                                                                                                           |   | $            | 14        |   |                     | $      | 13,643    |              |   | $      | (840                   | )             |   |  $           (145 | )         |   | $                   | 20,277 |      |                                | $      | (2,094 | )                              |   | $ | 1,233 |   |   | $ | 32,088 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| BALANCE – June 30, 2010                                                                                                                                            |   | $            | 14        |   |                     | $      | 13,655    |              |   | $      | (826                   | )             |   | $                                                                             | (145      | )      |                | $      | 20,665    |                                |   | $      | (2,094                         | )      |   | $ | 2,096 |   |   | $ | 33,365 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| COMMON STOCK ISSUANCE                                                                                                                                                    |   |         | 20        |   |                     |   | 18,034    |              |   |   | (1,167                 | )             |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   | 16,887 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Net Income                                                                                                                                                               |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | 1,460     |                                |   |   | --                             |   |   |   | -- |   |   |   | 1,460 |   |
| Other Comprehensive Loss:                                                                                                                                                |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
|    Changes in Unrealized Gain      on Securities Available-for-      Sale, Net of Tax Effects |   |         |   -- |   |                     |   |   -- |              |   |   |   --              |          |   |                                                                          |   -- |   |                |   |   -- |                                |   |   |   --                      |   |   |   | (1,119 | ) |   |   | (1,119 | ) |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| RRP Shares Earned                                                                                                                                                        |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | 116       |   |                |   | --        |                                |   |   | --                             |   |   |   | -- |   |   |   | 116 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Stock Options Vested                                                                                                                                                     |   |         | --        |   |                     |   | 14        |              |   |   |                   |          |   |                                                                          | --        |   |                |   | --        |                                |   |   | --                             |   |   |   | -- |   |   |   | 14 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| ESOP Compensation Earned                                                                                                                                                 |   |         | --        |   |                     |   | 5         |              |   |   | 57                     |          |   |                                                                          | --        |   |                |   | --        |                                |   |   | --                             |   |   |   | -- |   |   |   | 62 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Dividends Declared                                                                                                                                                       |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | (328      | )                                   |   |   | --                             |   |   |   | -- |   |   |   | (328 | ) |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| TREASURY STOCK RETIREMENT                                                                                                                                                |   |         | (2        | )      |                     |   | (827      | )                 |   |   | --                     |          |   |                                                                          | --        |   |                |   | (1,311    | )                                   |   |   | 2,140                          |   |   |   | -- |   |   |   | -- |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| Acquisition Treasury Stock                                                                                                                                               |   |         | --        |   |                     |   | --        |              |   |   | --                     |          |   |                                                                          | --        |   |                |   | --        |                                |   |   | (46                            | )      |   |   | -- |   |   |   | (46 | ) |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
| BALANCE – March 31, 2011                                                                                                                                           |   | $            | 32        |   |                     | $      | 30,881    |              |   | $      | (1,936                 | )   |   | $                                                                             | (29       | )      |                | $      | 20,486    |                                |   | $      | --                             |   |   | $ |  977 |   |   | $ | 50,411 |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                     |   |         |      |   |                     |   |      |              |   |   |                   |          |   |                                                                          |      |   |                |   |      |                                |   |   |                           |   |   |   |   |   |   |   |   |   |

----

| HOME FEDERAL BANCORP, INC. OF LOUISIANA                       |   |
|---------------------------------------------------------------|--------|
|                                                          |   |
| CONSOLIDATED STATEMENTS OF CASH FLOWS                         |   |
| (Unaudited)                                                   |   |
|                                                          |   |
|                                                          |   | Nine Months Ended |   |
|                                                          |   | March 31, |   |
|                                                          |   | 2011 |   |   | 2010 |   |
|                                                          |   | (In Thousands) |   |
| CASH FLOWS FROM OPERATING ACTIVITIES                          |   |   |   |   |   |   |
| Net Income                                                    |   | $ | 1,460 |   |   | $ | 209 |   |
| Adjustments to Reconcile Net Income to Net                    |   |   |   |   |   |   |   |   |
| Cash Provided by (Used in) Operating Activities               |   |   |   |   |   |   |   |   |
| Net Amortization and Accretion on Securities                  |   |   | (151 | ) |   |   | (259 | ) |
| Gain on Sale of Securities                                    |   |   | (311 | ) |   |   | (494 | ) |
| Gain on Sale of Loans                                         |   |   | (1,382 | ) |   |   | (322 | ) |
| Amortization of Deferred Loan Fees                            |   |   | (117 | ) |   |   | (166 | ) |
| Impairment charge on investment securities                    |   |   | -- |   |   |   | 627 |   |
| Depreciation of Premises and Equipment                        |   |   | 131 |   |   |   | 82 |   |
| ESOP Expense                                                  |   |   | 63 |   |   |   | 35 |   |
| Stock Option Expense                                          |   |   | 14 |   |   |   | 43 |   |
| Recognition and Retention Plan Expense                        |   |   | 18 |   |   |   | 93 |   |
| Deferred Income Tax                                           |   |   | (93 | ) |   |   | (18 | ) |
| Provision for Loan Losses                                     |   |   | 259 |   |   |   | -- |   |
| Changes in Assets and Liabilities:                            |   |   |   |   |   |   |   |   |
| Loans Held-for-Sale – Originations and Purchases        |   |   | (89,334 | ) |   |   | (40,003 | ) |
| Loans Held-for-Sale – Sale and Principal Repayments     |   |   | 103,039 |   |   |   | 38,150 |   |
| Accrued Interest Receivable                                   |   |   | (219 | ) |   |   | 2 |   |
| Other Operating Assets                                        |   |   | (65 | ) |   |   | (208 | ) |
| Other Operating Liabilities                                   |   |   | (556 | ) |   |   | 238 |   |
|                                                          |   |   |   |   |   |   |   |   |
| Net Cash Provided by (Used in) Operating Activities           |   |   |  12,756 |   |   |   | (1,991 | ) |
|                                                          |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES                          |   |   |   |   |   |   |   |   |
| Loan Originations and Purchases, Net of Principal Collections |   |   | (21,961 | ) |   |   | (29,711 | ) |
| Deferred Loan Fees Collected                                  |   |   | 120 |   |   |   | 204 |   |
| Acquisition of Premises and Equipment                         |   |   | (1,076 | ) |   |   | (2,187 | ) |
| Activity in Available-for-Sale Securities:                    |   |   |   |   |   |   |   |   |
| Proceeds from Sales of Securities                             |   |   | 6,805 |   |   |   | 12,997 |   |
| Principal Payments on Mortgage-Backed Securities              |   |   | 12,401 |   |   |   | 11,791 |   |
| Purchases of Securities                                       |   |   | (36,932 | ) |   |   | -- |   |
| Activity in Held-to-Maturity Securities:                      |   |   |   |   |   |   |   |   |
| Redemption Proceeds                                           |   |   | 558 |   |   |   | -- |   |
| Principal Payments on Mortgage-Backed Securities              |   |   | 83 |   |   |   | 60 |   |
| Purchases of Securities                                       |   |   | (4,225 | ) |   |   | (32 | ) |
|                                                          |   |   |   |   |   |   |   |   |
| Net Cash Used in Investing Activities                         |   | $ | (44,227 | ) |   | $ | (6,878 | ) |

----

| HOME FEDERAL BANCORP, INC. OF LOUISIANA               |   |
|-------------------------------------------------------|--------|
|                                                  |   |
| CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)     |   |
| (Unaudited)                                           |   |
|                                                  |   |
|                                                  |   | Nine Months Ended |   |
|                                                  |   | March 31, |   |
|                                                  |   | 2011 |   |   | 2010 |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                  |   | (In Thousands) |   |
|                                                  |   |   |   |
| Net Increase in Deposits                              |   | $ | 24,356 |   |   | $ | 16,657 |   |
| Proceeds from Federal Home Loan Bank Advances         |   |   | -- |   |   |   | 19,500 |   |
| Repayments of Advances from Federal Home Loan Bank    |   |   | (7,560 | ) |   |   | (21,462 | ) |
| Net Decrease in Mortgage-Escrow Funds                 |   |   | (73 | ) |   |   | (22 | ) |
| Dividends Paid                                        |   |   | (328 | ) |   |   | (220 | ) |
| Acquisition of Treasury Stock                         |   |   | (46 | ) |   |   | (207 | ) |
| Gross Proceeds from Stock Issuance                    |   |   | 18,285 |   |   |   | -- |   |
| Stock Issuance Expenses Paid                          |   |   | (1,398 | ) |   |   | -- |   |
|                                                  |   |   |   |   |   |   |   |   |
| Net Cash Provided by Financing Activities             |   |   | 33,236 |   |   |   | 14,246 |   |
|                                                  |   |   |   |   |   |   |   |   |
| NET INCREASE IN CASH AND CASH EQUIVALENTS             |   |   | 1,765 |   |   |   | 5,377 |   |
|                                                  |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD       |   |   | 8,837 |   |   |   | 10,007 |   |
|                                                  |   |   |   |   |   |   |   |   |
| CASH AND CASH EQUIVALENTS - END OF PERIOD             |   | $ | 10,602 |   |   | $ | 15,384 |   |
|                                                  |   |   |   |   |   |   |   |   |
| SUPPLEMENTARY CASH FLOW INFORMATION                   |   |   |   |   |   |   |   |   |
| Interest Paid on Deposits and Borrowed Funds          |   | $ | 2,425 |   |   | $ | 2,649 |   |
| Income Taxes Paid                                     |   |   | 915 |   |   |   | 177 |   |
| Market Value Adjustment for Gain (Loss) on Securities |   |   |   |   |   |   |   |   |
| Available-for-Sale                                    |   |   | (1,697 | ) |   |   | 1,203 |   |

----

----

----

----

|                                                                                          |   | March 31, 2011 |        |
|-----------------------------------------------------------------------------------------------|--------|----------------|-------------|
|                                                                                          |   |           |        |   | Gross |   |   | Gross |   |   |   |   |
|                                                                                          |   | Amortized      |        |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
| Securities Available-for-Sale                                                                 |   | Cost           |        |   | Gains |   |   | Losses |   |   | Value |   |
|                                                                                          |   | (In Thousands) |        |
| Debt Securities                                                                               |   |           |        |   |   |   |   |   |   |   |   |   |
|   FHLMC Mortgage-Backed Certificates                                                |   | $              | 1,935       |   |   | $ | 79 |   |   | $ | -- |   |   | $ | 2,014 |   |
|   FNMA Mortgage-Backed Certificates                                                 |   |           | 38,485      |   |   |   | 1,392 |   |   |   | -- |   |   |   | 39,877 |   |
|   GNMA Mortgage-Backed Certificates                                                 |   |           | 106         |   |   |   | 1 |   |   |   | -- |   |   |   | 107 |   |
|   FHLB Notes                                                                        |   |           | 3,149       |   |   |   | 5 |   |   |   | -- |   |   |   | 3,154 |   |
|   FHMC Notes                                                                        |   |           | 21,517      |   |   |   | 2 |   |   |   | 14 |   |   |   | 21,505 |   |
|   FNDB Notes                                                                        |   |           | 12,216      |   |   |   | 3 |   |   |   | 6 |   |   |   | 12,213 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total Debt Securities             |   |           | 77,408      |   |   |   | 1,482 |   |   |   | 20 |   |   |   | 78,870 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity Securities                                                                             |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   176,612 Shares, AMF ARM Fund                                                      |   |           | 1,291       |   |   |   | 17 |   |   |   | -- |   |   |   | 1,308 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total Securities Available-for-Sale                                   |   | $              | 78,699      |   |   | $ | 1,499 |   |   | $ | 20 |   |   | $ | 80,178 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities Held-to-Maturity                                                                   |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt Securities                                                                               |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   GNMA Mortgage-Backed Certificates                                                 |   | $              | 151         |   |   | $ | 22 |   |   | $ | -- |   |   | $ | 173 |   |
|   FNMA Mortgage-Backed Certificates                                                 |   |           | 4,011       |   |   |   | 2 |   |   |   | 160 |   |   |   | 3,853 |   |
|   FHLMC Mortgage-Backed Certificates                                                |   |           | 23          |   |   |   | 1 |   |   |   | -- |   |   |   | 24 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total Debt Securities             |   |           | 4,185       |   |   |   | 25 |   |   |   | 160 |   |   |   | 4,050 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity Securities (Non-Marketable                                                             |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 630 Shares – First National Bankers  Bankshares, Inc.                         |   |           | 250         |   |   |   | -- |   |   |   | -- |   |   |   | 250 |   |
| 12,883 Shares – Federal Home Loan Bank                                                  |   |           |  1,288 |   |   |   |  -- |   |   |   |  -- |   |   |   |  1,288 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total Equity Securities           |   |           | 1,538       |   |   |   |  -- |   |   |   | -- |   |   |   | 1,538 |   |
|                                                                                          |   |           |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total Securities Held-to-Maturity |   | $              | 5,723       |   |   | $ | 25 |   |   | $ | 160 |   |   | $ | 5,588 |   |

----

|                                                                               |   | June 30, 2010  |   |
|------------------------------------------------------------------------------------|--------|----------------|--------|
|                                                                               |   |           |   |   | Gross |   |   | Gross |   |   |   |   |
|                                                                               |   | Amortized      |   |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
| Securities Available-for-Sale                                                      |   | Cost           |   |   | Gains |   |   | Losses |   |   | Value |   |
|                                                                               |   | (In Thousands) |   |
| Debt Securities                                                                    |   |           |   |   |   |   |   |   |   |   |   |   |
|   FHLMC Mortgage-Backed Certificates                                     |   | $              | 3,031  |   |   | $ | 175 |   |   | $ | -- |   |   | $ | 3,206 |   |
|   FNMA Mortgage-Backed Certificates                                      |   |           | 55,828 |   |   |   | 2,980 |   |   |   |   |   |   |   | 58,808 |   |
|   GNMA Mortgage-Backed Certificates                                      |   |           | 115    |   |   |   | 1 |   |   |   | 1 |   |   |   | 115 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total Debt Securities  |   |           | 58,974 |   |   |   | 3,156 |   |   |   | 1 |   |   |   | 62,129 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity Securities                                                                  |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   210,350 Shares, AMF ARM Fund                                           |   |           | 1,538  |   |   |   | 21 |   |   |   | -- |   |   |   | 1,559 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Total Securities Available-for-Sale                        |   | $              | 60,512 |   |   | $ | 3,177 |   |   | $ | 1 |   |   | $ | 63,688 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities Held-to-Maturity                                                        |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt Securities                                                                    |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   GNMA Mortgage-Backed Certificates                                      |   | $              | 196    |   |   | $ | 22 |   |   | $ | -- |   |   | $ | 218 |   |
|   FNMA Mortgage-Backed Certificates                                      |   |           | 75     |   |   |   | 2 |   |   |   | -- |   |   |   | 77 |   |
|   FHLMC Mortgage-Backed Certificates                                     |   |           | 27     |   |   |   | 1 |   |   |   | -- |   |   |   | 28 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|           Total Debt Securities  |   |           | 298    |   |   |   | 25 |   |   |   | -- |   |   |   | 323 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity Securities (Non-Marketable)                                                 |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   18,402 Shares – Federal Home Loan Bank                           |   |           | 1,840  |   |   |   | -- |   |   |   | -- |   |   |   | 1,840 |   |
|                                                                               |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total Securities Held-to- Maturity |   | $              | 2,138  |   |   | $ | 25 |   |   | $ | -- |   |   | $ | 2,163 |   |

|                         |   | Available-for-Sale |   |   | Held-to-Maturity |   |
|------------------------------|--------|--------------------|--------|--------|------------------|--------|
|                         |   | Amortized          |   |   | Fair             |   |   | Amortized |   |   | Fair |   |
|                         |   | Cost               |   |   | Value            |   |   | Cost |   |   | Value |   |
|                         |   | (In Thousands)     |   |
|                         |   |               |   |
| Within One Year or Less      |   | $                  | --     |   |             | $      | -- |   |   | $ | -- |   |   | $ | -- |   |
| One through Five Years       |   |               | 36,884 |   |             |   | 36,875 |   |   |   | 13 |   |   |   | 13 |   |
| After Five through Ten Years |   |               | 643    |   |             |   | 655 |   |   |   | 107 |   |   |   | 115 |   |
| Over Ten Years               |   |               | 39,881 |   |             |   | 41,340 |   |   |   |  4,065 |   |   |   | 3,922 |   |
|                         |   |               |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
|    Total      |   | $                  | 77,408 |   |             | $      | 78,870 |   |   | $ | 4,185 |   |   | $ | 4,050 |   |

----

|                                                                                |   | March 31, 2011          |   |
|-------------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                                |   | Less than Twelve Months |   |   | Over Twelve Months |   |
|                                                                                |   | Gross                   |   |   |   |   |   | Gross |   |   |   |   |
|                                                                                |   | Unrealized              |   |   | Fair |   |   | Unrealized |   |   | Fair |   |
|                                                                                |   | Losses                  |   |   | Value |   |   | Losses |   |   | Value |   |
|                                                                                |   | (In Thousands)          |   |
| Securities Available-for-Sale:                                                      |   |                    |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |
| Debt Securities                                                                     |   |                    |   |   |   |   |   |   |   |   |   |   |
|     Mortgage-Backed Securities                                  |   | $                       | --     |   |   | $ | -- |   |   | $ | -- |   |   | $ | -- |   |
|     Federal Agency Notes                                        |   |                    | 20     |   |   |   | 21,311 |   |   |   | -- |   |   |   | -- |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Marketable Equity Securities                                                        |   |                    | --     |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total Securities Available-for-Sale |   | $                       | 20     |   |   | $ | 21,311 |   |   | $ | -- |   |   | $ | -- |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities Held-to-Maturity:                                                        |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Debt Securities                                                                     |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|     Mortgage-Backed Securities                                  |   | $                       | 160    |   |   | $ | 3,947 |   |   | $ | -- |   |   | $ | -- |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Non-Marketable Equity Securities                                                    |   |                    | --     |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total Securities Held-to-Maturity   |   | $                       | 160    |   |   | $ | 3,947 |   |   | $ | -- |   |   | $ | -- |   |

|                                                                                |   | June 30, 2010           |   |
|-------------------------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                                |   | Less than Twelve Months |   |   | Over Twelve Months |   |
|                                                                                |   | Gross                   |   |   |   |   |   | Gross |   |   |   |   |
|                                                                                |   | Unrealized              |   |   | Fair |   |   | Unrealized |   |   | Fair |   |
|                                                                                |   | Losses                  |   |   | Value |   |   | Losses |   |   | Value |   |
|                                                                                |   | (In Thousands)          |   |
| Debt Securities                                                                     |   |                    |   |   |   |   |   |   |   |   |   |   |
|     Mortgage-Backed Securities                                  |   | $                       | --     |   |   | $ | -- |   |   | $ | 1 |   |   | $ | 89 |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Marketable Equity Securities                                                        |   |                    | --     |   |   |   | -- |   |   |   | -- |   |   |   | -- |   |
|                                                                                |   |                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|         Total Securities Available-for-Sale |   | $                       | --     |   |   | $ | -- |   |   | $ | 1 |   |   | $ | 89 |   |

----

|                                                                               |   | Three Months EndedMarch 31, 2011  |                  |   | Three Months EndedMarch 31, 2010 |   |
|------------------------------------------------------------------------------------|--------|-----------------------------------|-----------------------|--------|----------------------------------|--------|
|                                                                               |   | Basic                             |                  |   | Diluted                          |   |   | Basic |   |   | Diluted |   |
|                                                                               |   | (In Thousands, Except Share Data) |                  |
|                                                                               |   |                              |                  |
| Net income (loss)                                                                  |   | $                                 |  313             |   |                             | $      |  313 |   |   | $ | (292 | ) |   | $ | (292 | ) |
| Weighted average shares outstanding                                                |   |                              | 2,966,904             |   |                             |   | 2,966,904 |   |   |   | 2,953,027 |   |   |   | 2.953,027 |   |
| Effect of unvested common stock awards                                             |   |                              |  --              |   |                             |   |  10,537 |   |   |   |  -- |   |   |   | -- |   |
| Adjusted weighted average shares used in  earnings per share computation |   |                              |   2,966,904 |   |                             |   |   2,977,441 |   |   |   | 2,953,027 |   |   |   | 2,953,027 |   |
| Earnings (loss) per share                                                          |   | $                                 | 0.11                  |   |                             | $      | 0.11 |   |   | $ | (0.10 | ) |   | $ | (0.10 | ) |

|                                                                               |   | Nine Months EndedMarch 31, 2011   |      |   | Nine Months EndedMarch 31, 2010 |   |
|------------------------------------------------------------------------------------|--------|-----------------------------------|-----------|--------|---------------------------------|--------|
|                                                                               |   | Basic                             |      |   | Diluted                         |   |   | Basic |   |   | Diluted |   |
|                                                                               |   | (In Thousands, Except Share Data) |      |
|                                                                               |   |                              |      |
| Net income                                                                         |   | $                                 | 1,460     |   |                            | $      | 1,460 |   |   | $ | 209 |   |   | $ | 209 |   |
| Weighted average shares outstanding                                                |   |                              | 2,963,622 |   |                            |   | 2,963,622 |   |   |   | 2,958,749 |   |   |   | 2,958,749 |   |
| Effect of unvested common stock awards                                             |   |                              | --        |   |                            |   | 10,537 |   |   |   | -- |   |   |   | -- |   |
| Adjusted weighted average shares used in  earnings per share computation |   |                              | 2,963,622 |   |                            |   |  2,974,159 |   |   |   |  2,958,749 |   |   |   | 2,958,749 |   |
|  Earnings per share                                                           |   | $                                 | 0.49      |   |                            | $      | 0.49 |   |   | $ | 0.07 |   |   | $ | 0.07 |   |

----

|   | Cash and Cash Equivalents |
|--------|---------------------------|

|   | The carrying amount approximates the fair value of cash and cash equivalents. |
|--------|-------------------------------------------------------------------------------|

|   | Securities to be Held-to-Maturity and Available-for-Sale |
|--------|----------------------------------------------------------|

----

|   | Mortgage Loans Held-for-Sale |
|--------|------------------------------|

|   | For variable-rate loans that re-price frequently and with no significant changes in credit risk, fair value approximates the carrying value.  Fair values for other loans are estimated using the discounted value of expected future cash flows. Interest rates used are those being offered currently for loans with similar terms to borrowers of similar credit quality. The carrying amount of accrued interest receivable approximates its fair value. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                |   | March 31, 2011 |    |   | June 30, 2010 |   |
|-----------------------------------------------------|--------|----------------|---------|--------|---------------|--------|
|                                                |   | Carrying       |    |   | Estimated     |   |   | Carrying |   |   | Estimated |   |
|                                                |   | Value          |    |   | Fair Value    |   |   | Value |   |   | Fair Value |   |
| Financial Assets                                    |   | (In Thousands) |    |
|                                                |   |           |    |
|    Cash and Cash Equivalents         |   | $              | 10,602  |   |          | $      | 10,602 |   |   | $ | 8,837 |   |   | $ | 8,837 |   |
|    Securities Available-for-Sale     |   |           | 80,178  |   |          |   | 80,178 |   |   |   | 63,688 |   |   |   | 63,688 |   |
|    Securities to be Held-to-Maturity |   |           | 5,723   |   |          |   | 5,588 |   |   |   | 2,138 |   |   |   | 2,163 |   |
|    Loans Held-for-Sale               |   |           | 1,080   |   |          |   | 1,080 |   |   |   | 13,403 |   |   |   | 13,403 |   |
|    Loans Receivable                  |   |           | 114,755 |   |          |   | 125,772 |   |   |   | 93,056 |   |   |   | 109,322 |   |
|                                                |   |           |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Financial Liabilities                               |   |           |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
|    Deposits                          |   |           | 142,079 |   |          |   | 155,292 |   |   |   | 117,722 |   |   |   | 120,460 |   |
|    Advances from FHLB                |   |           | 23,947  |   |          |   | 25,000 |   |   |   | 31,507 |   |   |   | 33,175 |   |
|                                                |   |           |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Off-Balance Sheet Items                             |   |           |    |   |          |   |   |   |   |   |   |   |   |   |   |   |
|    Mortgage Loan Commitments         |   |           | --      |   |          |   | 147 |   |   |   | -- |   |   |   | 142 |   |

----

| ■   | Defines fair value as the price that would be received to sell an asset or paid to transfer a liability, in either case, through an orderly transaction between market participants at a measurement date and establishes a framework for measuring fair value; |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ■   | Establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date; |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ■   | Nullifies the guidance in EITF 02-3, which required the deferral of profit at inception of a transaction involving a derivative financial instrument in the absence of observable data supporting the valuation technique; |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ■   | Eliminates large position discounts for financial instruments quoted in active markets and requires consideration of the company’s creditworthiness when valuing liabilities; and |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ■  |  Level 1 – Fair value is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets in which the Company can   participate. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ■      | Level 2 – Fair value is based upon (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active, that is, markets in which there are few transactions for the asset or liability, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly; (c) inputs other than quoted prices that are observable for the asset or liability or (d) inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ■ | Level 3 – Fair value is based upon inputs that are unobservable for the asset or liability.  These inputs reflect the Company’s own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk).  These inputs are developed based on the best information available in the circumstances, which include the Company’s own data. The Company’s own data used to develop unobservable inputs are adjusted if information indicates that market participants would use different assumptions. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                 |   | Fair Value Measurements Using:                              |   |   |                                       |   |
|------------------------------------------------------|--------|-------------------------------------------------------------|--------|--------|--------------------------------------------|--------|
| March 31, 2011                                  |   | Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   | SignificantOther ObservableInputs(Level 2) |   |   |   Total |   |
|                                                 |   |                                                        |   |   | (In Thousands)                             |   |   |   |   |
| Available-for-Sale                                   |   |                                                        |   |   |                                       |   |   |   |   |
| Debt Securities                                      |   |                                                        |   |   |                                       |   |   |   |   |
|    FHLMC Mortgage-Backed Certificates |   | $                                                           | --     |   |                                       | $      | 2,014 |   |   | $ | 2,014 |   |
|    FNMA Mortgage-Backed Certificates  |   |                                                        | --     |   |                                       |   | 39,877 |   |   |   | 39,877 |   |
|    GNMA Mortgage-Backed Certificates  |   |                                                        | --     |   |                                       |   | 107 |   |   |   | 107 |   |
|    Federal Agency Notes               |   |                                                        | --     |   |                                       |   | 36,872 |   |   |   | 36,872 |   |
| Equity Securities                                    |   |                                                        |   |   |                                       |   |   |   |   |   |   |   |
|    ARM Fund                           |   |                                                        | 1,308  |   |                                       |   | -- |   |   |   | 1,308 |   |
|                                                 |   |                                                        |   |   |                                       |   |   |   |   |   |   |   |
| Total                                                |   | $                                                           | 1,308  |   |                                       | $      | 78,870 |   |   | $ | 80,178 |   |

|                                                 |   | Fair Value Measurements Using:                              |   |   |                                       |   |
|------------------------------------------------------|--------|-------------------------------------------------------------|--------|--------|--------------------------------------------|--------|
| June 30, 2010                                        |   | Quoted Prices inActive Markets forIdentical Assets(Level 1) |   |   | SignificantOther ObservableInputs(Level 2) |   |   | Total |   |
|                                                 |   |                                                        |   |   | (In Thousands)                             |   |   |   |   |
| Available-for-Sale                                   |   |                                                        |   |   |                                       |   |   |   |   |
| Debt Securities                                      |   |                                                        |   |   |                                       |   |   |   |   |
|    FHLMC Mortgage-Backed Certificates |   | $                                                           | --     |   |                                       | $      | 3,206 |   |   | $ | 3,206 |   |
|    FBNA Mortgage-Backed Certificates  |   |                                                        | --     |   |                                       |   | 58,808 |   |   |   | 58,808 |   |
|    GNMA Mortgage-Backed Certificates  |   |                                                        | --     |   |                                       |   | 115 |   |   |   | 115 |   |
| Equity Securities                                    |   |                                                        |   |   |                                       |   |   |   |   |   |   |   |
|    ARM Fund                           |   |                                                        | 1,559  |   |                                       |   | -- |   |   |   | 1,559 |   |
|                                                 |   |                                                        |   |   |                                       |   |   |   |   |   |   |   |
| Total                                                |   | $                                                           | 1,559  |   |                                       | $      | 62,129 |   |   | $ | 63,688 |   |

----

| ITEM 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

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----

| (c)   | Not applicable. |
|-----------------|-----------------|

----

|   | No.        |   | Description                                                             |
|--------|------------|--------|-------------------------------------------------------------------------|
|   | 31.1  |   | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer  |
|   | 31.2  |   | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer  |
|   | 32.0       |   | Certification Pursuant to 18 U.S.C Section 1350                         |

----

| Date:   May 12, 2011       |   | By:   | /s/Daniel R. Herndon                                 |   |
|-------------------------------------------|--------|-----------------|------------------------------------------------------|--------|
|                                      |   |            | Daniel R. Herndon                                    |   |
|                                      |   |            | President and Chief Executive Officer                |   |
|                                      |   |            |                                                 |   |
|                                      |   |            |                                                 |   |
| Date:   May 12, 2011  |   | By:        | /s/Clyde D. Patterson                                |   |
|                                      |   |            | Clyde D. Patterson                                   |   |
|                                      |   |            | Executive Vice President and Chief Financial Officer |   |
|                                      |   |            | (Principal Financial and Accounting Officer)         |   |