----

----

| UNITED      STATESSECURITIES      AND EXCHANGE COMMISSION |
|-----------------------------------------------------------|
| Washington,      D.C.  20549                    |
|                                                      |
| FORM      10-QSB                                          |
|                                                      |
| (Mark      One)                                           |

| [X]    | QUARTERLY      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES |
|--------|-------------------------------------------------------------------|
|   | EXCHANGE      ACT OF 1934                                         |
|   |                                                              |

| For      the quarterly period ended | March      31, 2008 |   |
|-------------------------------------|---------------------|--------|
|                                |
| OR                                  |
|                                |

| [   ] | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE  ACT |
|----------------------|-----------------------------------------------------------------------|

| For      the transition period from |   | to |   |   |
|-------------------------------------|--------|----|--------|--------|

|                                                                    |
|-------------------------------------------------------------------------|
| Commission      File Number:                                            | 000-51117 |   |
|                                                                    |
| HOME      FEDERAL BANCORP, INC. OF LOUISIANA                            |
| (Exact      name of small business issuer as specified in its  charter) |
|                                                                    |
| Federal                                                                 |   | 86-1127166 |
| (State      or other jurisdiction of                                    |   | (IRS      Employer Identification No.) |
| incorporation      or organization                                      |   |   |

| 624      Market Street, Shreveport, Louisiana 71101                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Address      of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (318)      222-1145                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (Issuer’s      telephone number)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| (Former      name, former address and former fiscal year, if changed since last      report)                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Check whether the issuer (1)      filed all reports required to be filed by Section 13 or 15(d) of the      Securities Exchange Act of 1934 during the past 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 is a shell company (as defined in Rule 12b-2 of the      Exchange Act)   Yes    __  No   X                                                                                                                                                                                                                                                                                                                         |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|              Shares of common stock, par value $.01 per share, outstanding as of May      15, 2008: The registrant had 3,383,287 shares of common stock outstanding,      of which 2,135,375 shares were held by Home Federal Mutual Holding Company      of Louisiana, the registrant’s mutual holding company, and 1,247,912      shares were held by the public and directors, officers and employees of      the registrant, and the registrant’s employee benefit      plans. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Transitional Small Business      Disclosure Format:   Yes   __  No   X                                                                                                                                                                                                                                                                                                                                                                                                               |

----

|         |   |                                                                 | Page   |
|--------------|--------|----------------------------------------------------------------------|--------|
|         |   |                                                                 |   |
| PART      I  | -      | FINANCIAL      INFORMATION                                           |   |
|         |   |                                                                 |   |
| Item      1: |   | Financial      Statements                                            |   |
|         |   |                                                                 |   |
|         |   | 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 or Plan of Operation | 12     |
|         |   |                                                                 |   |
| Item      3: |   | Controls      and Procedures                                         | 17     |
|         |   |                                                                 |   |
| PART      II | -      | OTHER      INFORMATION                                               |   |
|         |   |                                                                 |   |
| Item      1: |   | Legal      Proceedings                                               | 18     |
|         |   |                                                                 |   |
| Item      2: |   | Unregistered      Sales of Equity Securities and Use of Proceeds     | 18     |
|         |   |                                                                 |   |
| Item      3: |   | Defaults      Upon Senior Securities                                 | 18     |
|         |   |                                                                 |   |
| Item      4: |   | Submission      of Matters to a Vote of Security Holders             | 19     |
|         |   |                                                                 |   |
| Item      5: |   | Other      information                                               | 19     |
|         |   |                                                                 |   |
| Item      6: |   | Exhibits                                                             | 19     |
|         |   |                                                                 |   |
| SIGNATURES   |   |                                                                 |   |

----

| HOME      FEDERAL BANCORP, INC. OF LOUISIANA                                                                                                                                                                                                                                                        |                |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|
|                                                                                                                                                                                                                                                                                                |                |
| CONSOLIDATED      STATEMENTS OF FINANCIAL CONDITION                                                                                                                                                                                                                                                 |                |
|                                                                                                                                                                                                                                                                                                |                |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                |                | March      31, |   |   | June      30, |   |
|                                                                                                                                                                                                                                                                                                |                | 2008 |   |   | 2007 |   |
|                                                                                                                                                                                                                                                                                                |                | (Unaudited) |   |   | (Audited) |   |
| ASSETS                                                                                                                                                                                                                                                                                              | (In      Thousands) |   |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |
| Cash      and Cash Equivalents                                                                                                                                                                                                                                                                      |                | $ | 5,623 |   |   | $ | 3,972 |   |
| Securities      Available-for-Sale                                                                                                                                                                                                                                                                  |                |   | 100,355 |   |   |   | 83,752 |   |
| Securities      Held-to-Maturity                                                                                                                                                                                                                                                                    |                |   | 1,702 |   |   |   | 1,408 |   |
| Loans      Held for Sale                                                                                                                                                                                                                                                                            |                |   | 484 |   |   |   | 1,478 |   |
| Loans      Receivable, Net                                                                                                                                                                                                                                                                          |                |   | 28,707 |   |   |   | 25,211 |   |
| Accrued      Interest Receivable                                                                                                                                                                                                                                                                    |                |   | 558 |   |   |   | 499 |   |
| Premises      and Equipment, Net                                                                                                                                                                                                                                                                    |                |   | 894 |   |   |   | 923 |   |
| Deferred      Tax Asset                                                                                                                                                                                                                                                                             |                |   | -- |   |   |   | 1,476 |   |
| Other      Assets                                                                                                                                                                                                                                                                                   |                |   | 274 |   |   |   | 66 |   |
| Real      Estate Acquired Through Foreclosure                                                                                                                                                                                                                                                       |                |   | 33 |   |   |   | -- |   |
| Total Assets                                                                                                                                                                                                                                                                                        |                | $ | 138,630 |   |   | $ | 118,785 |   |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY                                                                                                                                                                                                                                                     |                |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |   |   |
| LIABILITIES                                                                                                                                                                                                                                                                                         |                |   |   |   |   |   |   |   |
| Deposits                                                                                                                                                                                                                                                                                            |                | $ | 79,342 |   |   | $ | 77,710 |   |
| Advances      from Borrowers for Taxes and Insurance                                                                                                                                                                                                                                                |                |   | 123 |   |   |   | 196 |   |
| Advances      from Federal Home Loan Bank of Dallas                                                                                                                                                                                                                                                 |                |   | 27,132 |   |   |   | 12,368 |   |
| Other      Accrued Expenses and Liabilities                                                                                                                                                                                                                                                         |                |   | 780 |   |   |   | 699 |   |
|  Total Liabilities                                                                                                                                                                                                                                                                             |                |   | 107,377 |   |   |   | 90,973 |   |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |   |   |
| COMMITMENTS                                                                                                                                                                                                                                                                                         |                |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |   |   |
| STOCKHOLDERS’      EQUITY                                                                                                                                                                                                                                                                     |                |   |   |   |   |   |   |   |
| Common      stock - 8,000,000 shares of $.01   par      value authorized; 3,558,958 shares issued;   3,383,287      shares outstanding and 3,387,202   shares      outstanding at March 31, 2008 and   June      30, 2007, respectively |                |   |       14 |   |   |   |       14 |   |
| Additional      paid-in capital                                                                                                                                                                                                                                                                     |                |   | 13,554 |   |   |   | 13,509 |   |
| Retained      Earnings - Partially Restricted                                                                                                                                                                                                                                                       |                |   | 20,602 |   |   |   | 20,449 |   |
| Unearned      ESOP Stock                                                                                                                                                                                                                                                                            |                |   | (954 | ) |   |   | (997 | ) |
| Unearned RRP Trust Stock                                                                                                                                                                                                                                                                            |                |   | (395 | ) |   |   | (551 | ) |
| Accumulated      Other Comprehensive Loss                                                                                                                                                                                                                                                           |                |   | 241 |   |   |   | (2,841 | ) |
| Treasury      Stock – At Cost                                                                                                                                                                                                                                                                 |                |   | (1,809 | ) |   |   | (1,771 | ) |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |   |   |
| Total Stockholders’      Equity                                                                                                                                                                                                                                                               |                |   | 31,253 |   |   |   | 27,812 |   |
|                                                                                                                                                                                                                                                                                                |                |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES AND STOCKHOLDERS’   EQUITY                                                                                                                                                                                                                              |                | $ | 138,630 |   |   | $ | 118,785 |   |

| See      accompanying notes to consolidated financial  statements. |
|--------------------------------------------------------------------|

----

| HOME      FEDERAL BANCORP, INC. OF LOUISIANA |
|----------------------------------------------|
| CONSOLIDATED      STATEMENTS OF INCOME       |
| (Unaudited)                                  |
|                                         |   |   |   |   |   | Three      Months Ended |   | Nine      Months Ended |
|                                         |   |   |   |   |   | March      31, |   | March      31, |
|                                         |   |   |   |   |   | 2008 |   | 2007 |   | 2008 |   | 2007 |
|                                         | (In      Thousands, Except Per Share Data) |
| INTEREST      INCOME                         |   |   |   |   |   |   |   |
|                                         | Loans,      Including Fees | $     514 |   | $    457 |   | $      1,559 |   | $  1,258 |
|                                         | Investment      Securities | 60 |   | 67 |   | 204 |   | 219 |
|                                         | Mortgage-Backed      Securities | 1,088 |   |  1,089 |   | 3,319 |   | 3,222 |
|                                         | Other      Interest-Earning Assets |     54 |   |      76 |   |    140 |   |    200 |
|                                         |   |   | Total      Interest Income | 1,716 |   | 1,689 |   | 5,222 |   | 4,899 |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| INTEREST      EXPENSE                        |   |   |   |   |   |   |   |
|                                         | Deposits |   | 760 |   | 711 |   | 2,327 |   | 2,019 |
|                                         | Federal      Home Loan Bank Borrowings |   247 |   |    186 |   |    647 |   |    512 |
|                                         |   |   | Total      Interest Expense | 1,007 |   |    897 |   | 2,974 |   | 2,531 |
|                                         |   |   |   |   |   |   |   |   |   |   |
|                                         |   |   | Net      Interest Income |    709 |   |    792 |   | 2,248 |   | 2,368 |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION      FOR LOAN LOSSES               |       -- |   |           -- |   |       -- |   |             -- |
|                                         |   |   | Net      Interest Income after |   |   |   |   |   |   |   |
|                                         |   |   |   | Provision      for Loan Losses |    709 |   |    792 |   | 2,248 |   | 2,368 |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST      INCOME                     |   |   |   |   |   |   |   |
|                                         | Gain      on Sale of Loans | 1 |   | 3 |   | 5 |   | 3 |
|                                         | Gain      on Sale of Investments | 55 |   | 67 |   | 149 |   | 168 |
|                                         | Other      Income |        7 |   |        7 |   |      29 |   |     57 |
|                                         |   |   |   |   | Total      Non-Interest Income |      63 |   |      77 |   |    183 |   |   228 |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| NON-INTEREST      EXPENSE                    |   |   |   |   |   |   |   |
|                                         | Compensation      and Benefits | 390 |   | 362 |   | 1,180 |   | 1,114 |
|                                         | Occupancy      and Equipment | 43 |   | 44 |   | 128 |   | 137 |
|                                         | Data      Processing | 19 |   | 22 |   | 52 |   | 56 |
|                                         | Audit      and Professional Fees | 52 |   | 52 |   | 184 |   | 176 |
|                                         | Franchise      and Bank Shares Tax | 26 |   | 40 |   | 102 |   | 118 |
|                                         | Deposit      Insurance Premiums | 2 |   | 2 |   | 7 |   |        7 |
|                                         | Other      Expense |      70 |   |     68 |   |    211 |   |    206 |
|                                         |   |   |   |   | Total      Non-Interest Expense |    602 |   |   590 |   | 1,864 |   | 1,814 |
|                                         |   |   |   |   | Income      Before Income Taxes | 170 |   | 279 |   | 567 |   | 782 |
|                                         |   |   |   |   |   |   |   |   |   |   |   |   |
| PROVISION      FOR INCOME TAX EXPENSE        |      58 |   |   95 |   |    192 |   |  266 |
|                                         |   |   |   |   | Net      Income | $   112 |   | $  184 |   | $   375 |   | $  516 |
|                                         |   |   |   |   | INCOME      PER COMMON SHARE: |   |   |   |   |   |   |   |
|                                         |   |   |   |   |      Basic | $0.03 |   | $0.05 |   | $0.12 |   | $0.15 |
|                                         |   |   |   |   |      Diluted | $0.03 |   | $0.05 |   | $0.12 |   | $0.15 |
|                                         |   |   |   |   | DIVIDENDS      DECLARED | $0.06 |   | $0.06 |   | $0.18 |   | $0.18 |

----

|                                                                                                                                                                                    |   |   Common      Stock |      |   |  AdditionalPaid-inCapital |   |      |  UnearnedESOPStock |   |   | Unearned      RRPTrustStock |   |   |   RetainedEarnings |      |   |   Treasury Stock |   |      | AccumulatedOtherComprehensiveIncome      (Loss) |   |   |  TotalStockholders’Equity |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-----------|--------|--------------------------------|--------|-----------|-------------------------|--------|--------|-----------------------------|--------|--------|------------------------------|-----------|--------|---------------------------------|--------|-----------|-------------------------------------------------|--------|--------|--------------------------------------|--------|
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   | (In      Thousands)         |   |   |                         |      |   |                            |   |      |                                            |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |
| BALANCE      – JUNE 30, 2006                                                                                                                                                      |   | $                             | 14        |   |                           | $      | 13,445    |                    |   | $      | (1,054                      | )      |   | $                            | (688      | )      |                            | $      | 20,149    |                                            |   | $      | (211                                 | )      |   | $ | (3,116 | ) |   | $ | 28,539 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Net      Income                                                                                                                                                                         |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | 516       |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 516 |   |
| Other      Comprehensive Loss:                                                                                                                                                          |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
|    Changes      in Unrealized Gain      on      Securities Available-      for-Sale,      Net of Tax Effects |   |                          |   -- |   |                           |   |   -- |                    |   |   |   --                   |   |   |                         |   -- |   |                            |   |   -- |                                            |   |   |   --                            |   |   |   |   2,062 |   |   |   |   2,062 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| RRP      Shares Earned                                                                                                                                                                  |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | 137       |   |                            |   | --        |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 137 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Stock      Options Vested                                                                                                                                                               |   |                          | --        |   |                           |   | 46        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | --        |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 46 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| ESOP      Compensation Earned                                                                                                                                                           |   |                          | --        |   |                           |   | 2         |                    |   |   | 43                          |   |   |                         | --        |   |                            |   | --        |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 45 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Dividends      Declared                                                                                                                                                                 |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | (253      | )                                               |   |   | --                                   |   |   |   | -- |   |   |   | (253 | ) |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Acquisition      Treasury Stock                                                                                                                                                         |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | --        |                                            |   |   | (508                                 | )      |   |   | -- |   |   |   | (508 | ) |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
|  BALANCE      – MARCH 31, 2007                                                                                                                                               |   | $                             | 14        |   |                           | $      | 13,493    |                    |   | $      | (1,011                      | )      |   | $                            | (551      | )      |                            | $      | 20,412    |                                            |   | $      | (719                                 | )      |   | $ | (1,054 | ) |   | $ | 30,584 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| BALANCE      – JUNE 30, 2007                                                                                                                                                      |   | $                             | 14        |   |                           | $      | 13,509    |                    |   | $      | (997                        | )      |   | $                            | (551      | )      |                            | $      | 20,449    |                                            |   | $      | (1,771                               | )      |   | $ | (2,841 | ) |   | $ | 27,812 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Net      Income                                                                                                                                                                         |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | 374       |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 374 |   |
| Other      Comprehensive Loss:                                                                                                                                                          |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
|    Changes      in Unrealized Gain      on      Securities Available-      for-Sale,      Net of Tax Effects |   |                          |   -- |   |                           |   |   -- |                    |   |   |   --                   |   |   |                         |   -- |   |                            |   |   -- |                                            |   |   |   --                            |   |   |   |   3,082 |   |   |   |   3,082 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Purchase      of Common Stock for       RRP      Trust                                                                                                    |   |                          | --        |   |                           |   |  --  |                    |   |   | --                          |   |   |                         | 156       |   |                            |   | --        |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 156 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Stock      Options Vested                                                                                                                                                               |   |                          | --        |   |                           |   | 47        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | --        |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 47 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| ESOP      Compensation Earned                                                                                                                                                           |   |                          | --        |   |                           |   | (2        | )                       |   |   | 43                          |   |   |                         | --        |   |                            |   | --        |                                            |   |   | --                                   |   |   |   | -- |   |   |   | 41 |   |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Dividends      Declared                                                                                                                                                                 |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | --        |   |                            |   | (221      | )                                               |   |   |                                 |   |   |   |   |   |   |   | (221 | ) |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| Acquisition      of Treasury Stock                                                                                                                                                      |   |                          | --        |   |                           |   | --        |                    |   |   | --                          |   |   |                         | --        |   |                            |   |      |                                            |   |   | (38                                  | )      |   |   | -- |   |   |   | (38 | ) |
|                                                                                                                                                                                    |   |                          |      |   |                           |   |      |                    |   |   |                        |   |   |                         |      |   |                            |   |      |                                            |   |   |                                 |   |   |   |   |   |   |   |   |   |
| BALANCE      – MARCH 31, 2008                                                                                                                                                     |   | $                             | 14        |   |                           | $      | 13,554    |                    |   | $      | (954                        | )      |   | $                            | (395      | )      |                            | $      | 20,602    |                                            |   | $      | (1,809                               | )      |   | $ | 241 |   |   | $ | 31,253 |   |

----

| HOME      FEDERAL BANCORP, INC. OF LOUISIANA                        |   |
|---------------------------------------------------------------------|--------|
|                                                                |   |
| CONSOLIDATED      STATEMENTS OF CASH FLOWS                          |   |
| (Unaudited)                                                         |   |
|                                                                |   |
|                                                                |   | Nine      Months Ended |   |
|                                                                |   | March      31, |   |
|                                                                |   | 2008 |   |   | 2007 |   |
|                                                                |   | (In      Thousands) |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                           |   |   |   |   |   |   |
| Net      Income                                                     |   | $ | 374 |   |   | $ | 516 |   |
| Adjustments      to Reconcile Net Income to Net                     |   |   |   |   |   |   |   |   |
| Cash      Provided by Operating Activities                          |   |   |   |   |   |   |   |   |
| Net      Amortization and Accretion on Securities                   |   |   | (132 | ) |   |   | (138 | ) |
| Gain      on Sale of Investments                                    |   |   | (149 | ) |   |   | (168 | ) |
| Amortization      of Deferred Loan Fees                             |   |   | (17 | ) |   |   | (10 | ) |
| Depreciation      of Premises and Equipment                         |   |   | 41 |   |   |   | 48 |   |
| ESOP      Expense                                                   |   |   | 41 |   |   |   | 44 |   |
| Stock      Option Expense                                           |   |   | 48 |   |   |   | 46 |   |
| Recognition      and Retention Plan Expense                         |   |   | 118 |   |   |   | 101 |   |
| Deferred      Income Tax                                            |   |   | (16 | ) |   |   | (16 | ) |
| Changes      in Assets and Liabilities:                             |   |   |   |   |   |   |   |   |
| Loans      Held-for-Sale  –  Originations |   |   | (10,712 | ) |   |   | -- |   |
| Loans      Held-for-Sale – Principal Repayments               |   |   | 11,706 |   |   |   | -- |   |
| Accrued      Interest Receivable                                    |   |   | (60 | ) |   |   | (22 | ) |
| Other      Operating Assets                                         |   |   | (209 | ) |   |   | (20 | ) |
| Other      Operating Liabilities                                    |   |   | 23 |   |   |   | 125 |   |
|                                                                |   |   |   |   |   |   |   |   |
| Net      Cash Provided by Operating Activities                      |   |   | 1,056 |   |   |   | 506 |   |
|                                                                |   |   |   |   |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                           |   |   |   |   |   |   |   |   |
| Loan      Originations and Purchases, Net of Principal Collections  |   |   | (3,550 | ) |   |   | (4,964 | ) |
| Deferred      Loan Fees Collected                                   |   |   | 38 |   |   |   | 7 |   |
| Acquisition      of Premises and Equipment                          |   |   | (12 | ) |   |   | (37 | ) |
| Activity      in Available-for-Sale Securities:                     |   |   |   |   |   |   |   |   |
| Proceeds      from Sales and Maturities of Securities               |   |   | 15,507 |   |   |   | 21,086 |   |
| Principal      Payments on Mortgage-backed Securities               |   |   | 8,970 |   |   |   | 7,786 |   |
| Purchases      of Securities                                        |   |   | (36,129 | ) |   |   | (24,770 | ) |
| Activity      in Held-to-Maturity Securities                        |   |   |   |   |   |   |   |   |
| Proceeds      from Redemption or Maturity of Investments            |   |   | -- |   |   |   | -- |   |
| Principal      Payments on Mortgage-Backed Securities               |   |   | 115 |   |   |   | 112 |   |
| Purchases      of Securities                                        |   |   | (407 | ) |   |   | (124 | ) |
|                                                                |   |   |   |   |   |   |   |   |
| Net      Cash Used in Investing Activities                          |   |   | (15,468 | ) |   |   | ( 904 | ) |

----

| HOME      FEDERAL BANCORP, INC. OF LOUISIANA            |   |
|---------------------------------------------------------|--------|
|                                                    |   |
| CONSOLIDATED      STATEMENTS OF CASH FLOWS (Continued)  |   |
| (Unaudited)                                             |   |
|                                                    |   |
|                                                    |   | Nine      Months Ended |   |
|                                                    |   | March      31, |   |
|                                                    |   | 2008 |   |   | 2007 |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES               |   | (In      Thousands) |   |
| Net      Increase in Deposits                           |   |   | 1,632 |   |   |   | 4,723 |   |
| Proceeds      from Federal Home Loan Bank Advances      |   |   | 17,700 |   |   |   | 4,750 |   |
| Repayments      of Advances from Federal Home Loan Bank |   |   | (2,936 | ) |   |   | (2,797 | ) |
| Net      Decrease in Mortgage-Escrow Funds              |   |   | (74 | ) |   |   | (77 | ) |
| Dividends      Paid                                     |   |   | (221 | ) |   |   | (253 | ) |
| Acquisition      of Treasury Stock                      |   |   | (38 | ) |   |   | (508 | ) |
|                                                    |   |   |   |   |   |   |   |   |
| Net      Cash Provided by Financing Activities          |   |   | 16,063 |   |   |   | 5,838 |   |
|                                                    |   |   |   |   |   |   |   |   |
| NET      INCREASE IN CASH AND CASH EQUIVALENTS          |   |   | 1,651 |   |   |   | 5,440 |   |
|                                                    |   |   |   |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS - BEGINNING              |   |   |   |   |   |   |   |   |
| OF      PERIOD                                          |   |   | 3,972 |   |   |   | 4,930 |   |
|                                                    |   |   |   |   |   |   |   |   |
| CASH      AND CASH EQUIVALENTS - END OF PERIOD          |   | $ | 5,623 |   |   | $ | 10,370 |   |
|                                                    |   |   |   |   |   |   |   |   |
| SUPPLEMENTARY      CASH FLOW INFORMATION                |   |   |   |   |   |   |   |   |
| Interest      Paid on Deposits and Borrowed Funds       |   | $ | 2,940 |   |   | $ | 2,505 |   |
| Income      Taxes Paid                                  |   |   | 185 |   |   |   | 251 |   |
| Market      Value Adjustment for Gain on Securities     |   |   |   |   |   |   |   |   |
| Available-for-Sale                                      |   |   | 4,670 |   |   |   | 3,125 |   |
|                                                    |   |   |   |   |   |   |   |   |
| NON      CASH INVESTING ACTIVITY                        |   |   |   |   |   |   |   |   |
| Real      Estate Acquired through Foreclosure           |   | $ | 33 |   |   | $ | -- |   |

----

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|                                                                                         |   | Three      Months EndedMarch      31, 2008 |      |   | Three      Months EndedMarch      31, 2007 |   |
|----------------------------------------------------------------------------------------------|--------|--------------------------------------------|-----------|--------|--------------------------------------------|--------|
|                                                                                         |   | Basic                                      |      |   | Diluted                                    |   |   | Basic |   |   | Diluted |   |
|                                                                                         |   |                                       |      |   |                                       |   |   |   |   |   |   |   |
| Net      Income                                                                              |   | $                                          | 111,816   |   |                                       | $      | 111,816 |   |   | $ | 184,200 |   |   | $ | 184,200 |   |
| Weighted      average shares outstanding                                                     |   |                                       | 3,246,910 |   |                                       |   | 3,246,910 |   |   |   | 3,349,110 |   |   |   | 3,349,110 |   |
| Effect      of unvested common stock awards                                                  |   |                                       | --        |   |                                       |   | -- |   |   |   | -- |   |   |   | 3,566 |   |
| Adjusted      weighted average shares used in  earnings      per share computation |   |                                       | 3,246,910 |   |                                       |   | 3,246,910 |   |   |   | 3,349,110 |   |   |   | 3,352,676 |   |
|                                                                                         |   |                                       |      |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                         |   |                                       |      |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      per share                                                                      |   | $                                          | 0.03      |   |                                       | $      | 0.03 |   |   | $ | 0.05 |   |   | $ | 0.05 |   |

|                                                                                    |   | Nine      Months EndedMarch      31, 2008 |      |   | Nine      months EndedMarch      31, 2007 |   |
|-----------------------------------------------------------------------------------------|--------|-------------------------------------------|-----------|--------|-------------------------------------------|--------|
|                                                                                    |   | Basic                                     |      |   | Diluted                                   |   |   | Basic |   |   | Diluted |   |
|                                                                                    |   |                                      |      |   |                                      |   |   |   |   |   |   |   |
| Net      Income                                                                         |   | $                                         | 374,391   |   |                                      | $      | 374,391 |   |   | $ | 516,161 |   |   | $ | 516,161 |   |
| Weighted      average shares outstanding                                                |   |                                      | 3,242,712 |   |                                      |   | 3,242,712 |   |   |   | 3,363,589 |   |   |   | 3,363,589 |   |
| Effect      of unvested common stock awards                                             |   |                                      | --        |   |                                      |   | -- |   |   |   | -- |   |   |   | 4,064 |   |
| Adjusted      weighted average shares used in       earnings per share computation |   |                                      | 3,242,712 |   |                                      |   | 3,242,712 |   |   |   | 3,363,589 |   |   |   |  367,653 |   |
|                                                                                    |   |                                      |      |   |                                      |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                    |   |                                      |      |   |                                      |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      per share                                                                 |   | $                                         | 0.12      |   |                                      | $      | 0.12 |   |   | $ | 0.15 |   |   | $ | 0.15 |   |

----

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| (a)                                                                                                                                          | Not      applicable.           |
|----------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|
|                                                                                                                                         |                           |
| (b)                                                                                                                                          | Not      applicable.           |
|                                                                                                                                         |                           |
| (c)                                                                                                                                          | Purchases of Equity Securities |
|                                                                                                                                         |                           |
| The      following table represents the repurchasing activity of the stock      repurchase program during the third quarter of fiscal  2008: |

| Period                                                   |   |   Total      Number of Shares Purchased |     |   | Average      Price Paid per Share |   |     | Total      Number of Shares Purchased as Part of Publicly Announced Plans or      Programs |   |   | Maximum      Number of Shares that May Yet Be Purchased Under the Plans or      Programs |   |
|----------------------------------------------------------|--------|---------------------------------------------------|----------|--------|-----------------------------------|--------|----------|--------------------------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------------------------------|--------|
|                                                     |   |                                              |     |   |                              |   |     |                                                                                       |   |   |                                                                                     |   |   |   |   |   |
| Month      #1 January 1, 2008 – January 31, 2008   |   |                                              | --       |   |                              | $      | --       |                                                                                       |   |   | --                                                                                       |   |   |   | 94,809 |   |
|                                                     |   |                                              |     |   |                              |   |     |                                                                                       |   |   |                                                                                     |   |   |   |   |   |
| Month      #2 February 1, 2008 – February 29, 2008 |   |                                              | --       |   |                              |   | --       |                                                                                       |   |   | --                                                                                       |   |   |   | 94,809 |   |
|                                                     |   |                                              |     |   |                              |   |     |                                                                                       |   |   |                                                                                     |   |   |   |   |   |
| Month      #3 March 1, 2008 – March 31, 2008       |   |                                              |  -- |   |                              |   |  -- |                                                                                       |   |   |  --                                                                                 |   |   |   | 94,809 |   |
|                                                     |   |                                              |     |   |                              |   |     |                                                                                       |   |   |                                                                                     |   |   |   |   |   |
| Total                                                    |   |                                              | --       |   |                              | $      | --       |                                                                                       |   |   | --                                                                                       |   |   |   | 94,809 |   |

| (a)   | On      May 10, 2007, the Company issued a press release announcing that the Board      of Directors authorized a second stock repurchase program (the "program")      on May 9, 2007. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The      Company was authorized to repurchase 10% or 128,122 of the outstanding      shares other than shares held by Home Federal Mutual Holding      Company. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | The      program had an expiration date of May 9,2008. |
|-----------------|--------------------------------------------------------|

----

|   | The following Exhibits are filed as part of this      report: |
|--------|---------------------------------------------------------------|
|   |                                                          |
|   | 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 15,    2008 |   | By:                                        |  /s/ Daniel R.      Herndon  |
|-------------|-----------------|--------|--------------------------------------------|-----------------------------------|
|        |            |   | Daniel R.      Herndon                     |
|        |            |   | President and Chief Executive      Officer |
|        |            |   |                                       |
|        |            |   |                                       |
| Date:       | May 15,    2008 |   | By:                                        |  /s/ Clyde D.      Patterson |
|        |            |   | Clyde D. Patterson                         |
|        |            |   | Executive VicePresident                    |
|        |            |   | (principal financial    officer)           |