# EDGAR Filing Document

**Accession Number:** 0001500375
**File Stem:** 0000927089-25-000126
**Filing Date:** 2025-7
**Character Count:** 28594
**Document Hash:** 40218c5b6d08919a6a7681866de19ae0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000927089-25-000126.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0000927089-25-000126

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250729

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Home Federal Bancorp, Inc. of Louisiana
- **CENTRAL INDEX KEY:** 0001500375
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35019
- **FILM NUMBER:** 251162326

**BUSINESS ADDRESS:**
- **STREET 1:** 624 MARKET STREET
- **CITY:** SHREVEPORT
- **STATE:** LA
- **ZIP:** 71101
- **BUSINESS PHONE:** (318) 222-1145

**MAIL ADDRESS:**
- **STREET 1:** 624 MARKET STREET
- **CITY:** SHREVEPORT
- **STATE:** LA
- **ZIP:** 71101

?xml version='1.0' encoding='ASCII'? hfbil20250728_8k.htm

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| | |
|:---|:---|
| **UNITED STATES**<br> **SECURITIES AND EXCHANGE COMMISSION** | **UNITED STATES**<br> **SECURITIES AND EXCHANGE COMMISSION** |
| **Washington, D.C. 20549** | **Washington, D.C. 20549** |
| **FORM 8-K** | **FORM 8-K** |
| **CURRENT REPORT** | **CURRENT REPORT** |
| **Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** | **Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** |
| Date of Report (Date of earliest event reported) | July 29, 2025 |
| Home Federal Bancorp, Inc. of Louisiana | Home Federal Bancorp, Inc. of Louisiana |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |

---

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| | | |
|:---|:---|:---|
| Louisiana | 001-35019 | 02-0815311 |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) |  | Identification No.) |

---

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| | |
|:---|:---|
| 624 Market Street, Shreveport, Louisiana | 71101 |
| (Address of principal executive offices) | (Zip Code) |

---

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| | |
|:---|:---|
| Registrant's telephone number, including area code | (318) 222-1145 |

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| | |
|:---|:---|
| Not Applicable | Not Applicable |
| (Former name or former address, if changed since last report) | (Former name or former address, if changed since last report) |
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): | Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below): |
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

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Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| Title of each class | Name of each exchange on which registered |
| Common Stock (par value $.01 per share)<br> HFBL | Nasdaq Stock Market, LLC |

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| |
|:---|
| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). |
| Emerging growth company ☐<br>|
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ |

---

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**Item 2.02**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **<u>Results of Operations and Financial Condition</u>**

On July 29, 2025, Home Federal Bancorp, Inc. of Louisiana (the "Company") reported its results of operations for the three months and year ended June 30, 2025.

For additional information, reference is made to the Company's press release dated July 29, 2025, which is included as Exhibit 99.1 hereto and is incorporated herein by reference thereto. The press release attached hereto is being furnished to the Securities and Exchange Commission and shall not be deemed to be "filed" for any purpose except as otherwise provided herein.

**Item 9.01**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **<u>Financial Statements and Exhibits</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.

The following exhibit is filed herewith.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | [Press release dated July 29, 2025](ex_844667.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **HOME FEDERAL BANCORP, INC. OF LOUISIANA** | **HOME FEDERAL BANCORP, INC. OF LOUISIANA** |
| Date: July 29, 2025 | By: | /s/Brad Ezernack |
|  |  | Brad Ezernack |
|  |  | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![ex_844667img001.jpg](ex_844667img001.jpg)

**FOR RELEASE: Tuesday, July 29, 2025 at 4:30 PM (Eastern)**

**HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS**

**FOR THE THREE MONTHS AND YEAR ENDED JUNE 30, 2025**

Shreveport, Louisiana – July 29, 2025 – Home Federal Bancorp, Inc. of Louisiana (the "Company") (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended June 30, 2025, of $1.2 million compared to net income of $638,000 reported for the three months ended June 30, 2024. The Company's basic and diluted earnings per share were $0.39 and $0.38, respectively, for the three months ended June 30, 2025 compared to $0.21 for the three months ended June 30, 2024. The Company reported net income of $3.9 million for the year ended June 30, 2025, compared to $3.6 million for the year ended June 30, 2024. The Company's basic and diluted earnings per share were $1.27 and $1.26, respectively, for the year ended June 30, 2025 compared to $1.18 and $1.17, respectively, for the year ended June 30, 2024.

**The Company reported the following highlights during the year ended June 30, 2025:**

● Book value per share increased to $17.66 at June 30, 2025 from $16.80 at June 30, 2024.

● There were no advances from the FHLB at June 30, 2025 or June 30, 2024.

● Other borrowings totaled $4.0 million at June 30, 2025 compared to $7.0 million at June 30, 2024.

The increase in net income for the three months ended June 30, 2025, as compared to the same period in 2024, resulted primarily from an increase of $612,000, or 14.2%, in net interest income, an increase of $173,000, or 34.2%, in non-interest income, partially offset by an increase of $188,000, or 101.1%, in the provision for income taxes, an increase of $54,000, or 1.4%, in non-interest expense, and an increase of $1,000, or 2.2%, in the provision for credit losses. The increase in net interest income for the three months ended June 30, 2025, as compared to the same period in 2024, was primarily due to a decrease of $794,000, or 23.0%, in total interest expense, partially offset by a decrease of $181,000, or 2.3%, in total interest income. The Company's average interest rate spread was 2.89% for the three months ended June 30, 2025, compared to 2.15% for the three months ended June 30, 2024. The Company's net interest margin was 3.52% for the three months ended June 30, 2025, compared to 2.91% for the three months ended June 30, 2024.

The increase in net income for the year ended June 30, 2025, as compared to the year ended June 30, 2024, resulted primarily from an increase of $421,000, or 26.6%, in non-interest income, a decrease of $278,000, or 1.7%, in non-interest expense, and an increase of $166,000 in the recovery of credit losses, partially offset by an increase of $290,000, or 60.9%, in the provision for income taxes and a decrease of $280,000, or 1.5%, in net interest income. The decrease in net interest income for the year ended June 30, 2025, as compared to the year ended June 30, 2024, was primarily due to a decrease of $1.4 million, or 4.4%, in total interest income, partially offset by a decrease of $1.1 million, or 8.7%, in total interest expense. The Company's average interest rate spread was 2.55% for the year ended June 30, 2025, compared to 2.38% for the year ended June 30, 2024. The Company's net interest margin was 3.23% for the year ended June 30, 2025, compared to 3.08% for the year ended June 30, 2024.

------

The following tables set forth the Company's average balances and average yields earned and rates paid on its interest-earning assets and interest-bearing liabilities for the periods indicated.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the Three Months Ended June 30,** | **For the Three Months Ended June 30,** | **For the Three Months Ended June 30,** | **For the Three Months Ended June 30,** |
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Average**<br> **Balance** | **Average**<br> **Yield/Rate** | **Average**<br> **Balance** | **Average**<br> **Yield/Rate** |
|  | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| Interest-earning assets: |  |  |  |  |
| Loans receivable | $458504 | 6.05% | $485859 | 5.85% |
| Investment securities | 95524 | 2.72 | 98277 | 2.13 |
| Interest-earning deposits | 12581 | 2.26 | 19094 | 4.97 |
| Total interest-earning assets | $566609 | 5.41% | $603230 | 5.21% |
| Interest-bearing liabilities: |  |  |  |  |
| Savings accounts | $94333 | 1.74% | $75523 | 1.18% |
| NOW accounts | 68425 | 1.16 | 67460 | 0.72 |
| Money market accounts | 75492 | 2.05 | 78543 | 2.53 |
| Certificates of deposit | 180979 | 3.53 | 224791 | 4.42 |
| Total interest-bearing deposits | 419229 | 2.48 | 446317 | 2.98 |
| Other bank borrowings | 4101 | 7.43 | 7149 | 8.38 |
| FHLB advances | 55 | 0.00 |  |  |
| Total interest-bearing liabilities | $423385 | 2.52% | $453466 | 3.07% |

---

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the Year Ended June 30,** | **For the Year Ended June 30,** | **For the Year Ended June 30,** | **For the Year Ended June 30,** |
|  | **2025** | **2025** | **2024** | **2024** |
|  | **Average**<br> **Balance** | **Average**<br> **Yield/Rate** | **Average**<br> **Balance** | **Average**<br> **Yield/Rate** |
|  | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) | (Dollars in thousands) |
| Interest-earning assets: |  |  |  |  |
| Loans receivable | $460356 | 5.94% | $499237 | 5.81% |
| Investment securities | 96178 | 2.36 | 106526 | 2.33 |
| Interest-earning deposits | 20647 | 4.12 | 8550 | 4.34 |
| Total interest-earning assets | $577181 | 5.28% | $614313 | 5.19% |
| Interest-bearing liabilities: |  |  |  |  |
| Savings accounts | $90458 | 1.71% | $74135 | 0.65% |
| NOW accounts | 70375 | 1.17 | 67224 | 0.53 |
| Money market accounts | 76494 | 2.16 | 93178 | 2.46 |
| Certificates of deposit | 189204 | 3.92 | 213662 | 4.15 |
| Total interest-bearing deposits | 426531 | 2.68 | 448199 | 2.68 |
| Other bank borrowings | 4650 | 7.53 | 8700 | 8.45 |
| FHLB advances | 14 | 0.00 | 3119 | 5.77 |
| Total interest-bearing liabilities | $431195 | 2.73% | $460018 | 2.81% |

---

The $173,000 increase in non-interest income for the three months ended June 30, 2025, compared to the prior year quarterly period, was primarily due to an increase of $122,000 in gain on sale of loans, an increase of $30,000 in service charges on deposit accounts, an increase of $19,000 in other non-interest income, an increase of $1,000 in income on bank owned life insurance, and a $1,000 gain on sale of real estate. The $421,000 increase in non-interest income for the year ended June 30, 2025 compared to the prior year was primarily due to a decrease of $150,000 in loss on sale of real estate, an increase of $134,000 in other non-interest income, an increase of $119,000 in gain on sale of loans, an increase of $44,000 in service charges on deposit accounts, and an increase of $6,000 in income from bank owned life insurance, partially offset by an increase of $32,000 in loss on sale of securities.

------

The $54,000 increase in non-interest expense for the three months ended June 30, 2025, compared to the same period in 2024, is primarily attributable to increases of $190,000 in data processing expense, $66,000 in occupancy and equipment expense, and $31,000 in audit and examination fees. The increases were partially offset by decreases of $114,000 in compensation and benefits expense, $36,000 in advertising expense, $33,000 in franchise and bank shares tax expense, $24,000 in deposit insurance premium expense, $15,000 in professional fees, $7,000 in amortization of core deposit intangible expense, $3,000 in other non-interest expense, and $1,000 in loan and collection expense. The $278,000 decrease in non-interest expense for the year ended June 30, 2025, compared to the year ended June 30, 2024, is primarily attributable to decreases of $584,000 in compensation and benefits expense, $217,000 in franchise and bank shares tax expense, $215,000 in advertising expense, $68,000 in other non-interest expense, $62,000 in professional fees, $49,000 in amortization of core deposit intangible expense, $46,000 in deposit insurance premium expense, and $21,000 in loan and collection expense. The decreases were partially offset by increases of $784,000 in data processing expense, $152,000 in occupancy and equipment expense, and $48,000 in audit and examination fees. The increase in data processing expense resulted from a billing discrepancy with our core processor, which had failed to issue invoices for certain services dating back to December 2022. Upon discovery of the issue, we negotiated a discounted settlement to resolve the outstanding invoices, which resulted in the increases for both the quarter and year ended June 30, 2025.

Total assets decreased $28.0 million, or 4.4%, from $637.5 million at June 30, 2024 to $609.5 million at June 30, 2025. The decrease in assets was comprised of decreases in cash and cash equivalents of $17.6 million, or 50.4%, from $34.9 million at June 30, 2024 to $17.3 million at June 30, 2025, net loans receivable of $9.9 million, or 2.1%, from $470.9 million at June 30, 2024 to $461.0 million at June 30, 2025, premises and equipment of $1.0 million, or 5.7%, from $18.3 million at June 30, 2024 to $17.3 million at June 30, 2025, core deposit intangible of $284,000, or 23.7%, from $1.2 million at June 30, 2024 to $915,000 at June 30, 2025, loans-held-for-sale of $193,000, or 11.1%, from $1.7 million at June 30, 2024 to $1.5 at June 30, 2025, other assets of $46,000, or 3.4%, from $1.35 million at June 30, 2024 to $1.31 million at June 30, 2025, and deferred tax asset of $18,000, or 1.5%, from $1.18 million at June 30, 2024 to $1.16 million at June 30, 2025, partially offset by increases in real estate owned of $552,000, or 132.1% from $418,000 at June 30, 2024 to $970,000 at June 30, 2025, investment securities of $277,000, or 0.3%, from $96.0 million at June 30, 2024 to $96.2 million at June 30, 2025, bank owned life insurance of $116,000, or 1.7%, from $6.8 million at June 30, 2024 to $6.9 million at June 30, 2025, and accrued interest receivable of $61,000, or 3.4%, from $1.78 million at June 30, 2024 to $1.84 million at June 30, 2025.

Total liabilities decreased $30.4 million, or 5.2%, from $584.7 million at June 30, 2024 to $554.3 million at June 30, 2025. The decrease in liabilities was comprised of decreases in total deposits of $27.7 million, or 4.8%, from $574.0 million at June 30, 2024 to $546.3 million at June 30, 2025, and other borrowings of $3.0 million, or 42.9%, from $7.0 million at June 30, 2024 to $4.0 million at June 30, 2025, partially offset by an increase in other accrued expenses and liabilities of $273,000, or 8.6%, from $3.2 million at June 30, 2024 to $3.5 million at June 30, 2025, and advances from borrowers for taxes and insurance of $22,000, or 4.2%, from $521,000 at June 30, 2024 to $543,000 at June 30, 2025. The decrease in deposits resulted from decreases in certificates of deposit of $27.5 million, or 12.8%, from $214.9 million at June 30, 2024 to $187.4 million at June 30, 2025, money market deposits of $11.7 million, or 13.7%, from $85.5 million at June 30, 2024 to $73.8 million at June 30, 2025, and non-interest deposits of $7.9 million, or 6.1%, from $130.3 million at June 30, 2024 to $122.4 million at June 30, 2025, partially offset by increases in savings deposits of $19.0 million, or 24.8%, from $76.6 million at June 30, 2024 to $95.6 million at June 30, 2025, and NOW accounts of $506,000, or 0.8%, from $66.6 million at June 30, 2024 to $67.1 million at June 30, 2025. The Company had no balances in brokered deposits at June 30, 2025 or June 30, 2024.

At June 30, 2025, the Company had $3.3 million of non-performing assets (defined as non-accruing loans, accruing loans 90 days or more past due, and other real estate owned) compared to $1.9 million of non-performing assets at June 30, 2024, consisting of six one-to-four family residential loans, two home equity loans, three commercial non-real estate loans, two commercial real-estate loans, and one single-family residence in other real estate owned at June 30, 2025, compared to five one-to-four family residential loans, four home equity loans, three commercial non-real estate loans, and three single-family residences in other real estate owned at June 30, 2024. At June 30, 2025 the Company had eight one-to-four family residential loans, two home equity loans, five commercial non-real-estate loans, two commercial real-estate loans, and one consumer loan classified as substandard, compared to six one-to-four family residential loans, five commercial non-real-estate loans, four home equity loans and one consumer loan classified as substandard at June 30, 2024. There were no loans classified as doubtful at June 30, 2025 or June 30, 2024.

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Stockholders' equity increased $2.4 million, or 4.5%, from $52.8 million at June 30, 2024 to $55.2 million at June 30, 2025. The increase in stockholders' equity was comprised of net income for the year ended June 30, 2025 of $3.9 million, a decrease in the Company's accumulated other comprehensive loss of $681,000, the vesting of restricted stock awards, stock options, and the release of employee stock ownership plan shares totaling $425,000, and proceeds from the issuance of common stock from the exercise of stock options of $111,000, partially offset by dividends paid totaling $1.6 million, and stock repurchases of $1.1 million.

Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its ten full-service banking offices and home office in northwest Louisiana.

*Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like* "*believe*"*,* "*expect*"*,* "*anticipate*"*,* "*estimate*"*, and* "*intend*"*, or future or conditional verbs such as* "*will*"*,* "*would*"*,* "*should*"*,* "*could*"*, or* "*may*"*. We undertake no obligation to update any forward-looking statements.*

*In addition to factors previously disclosed in the reports filed by the Company with the Securities and Exchange Commission and those identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the strength of the United States economy in general and the strength of the local economies in which the Company conducts its operations; general economic conditions; legislative and regulatory changes; monetary and fiscal policies of the federal government; changes in tax policies, rates and regulations of federal, state and local tax authorities including the effects of the Tax Reform Act; changes in interest rates, deposit flows, the cost of funds, demand for loan products and the demand for financial services, competition, changes in the quality or composition of the Company*'*s loans, investment and mortgage-backed securities portfolios; geographic concentration of the Company*'*s business; fluctuations in real estate values; the adequacy of loan loss reserves; the risk that goodwill and intangibles recorded in the Company*'*s financial statements will become impaired; changes in accounting principles, policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company*'*s operations, markets, products, services and fees.*

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| |
|:---|
| **HOME FEDERAL BANCORP, INC. OF LOUISIANA** |
| **CONSOLIDATED BALANCE SHEETS** |
| (In thousands except share and per share data) |

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| | | |
|:---|:---|:---|
|  | **June 30, 2025** | **June 30, 2024** |
|  | (Unaudited) |  |
| **ASSETS** |  |  |
| Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $10,380 and $25,505 at June 30, 2025 and June 30, 2024, respectively) | $17347 | $34948 |
| Securities Available-for-Sale (amortized cost June 30, 2025: $36,695; June 30, 2024: $30,348, respectively) | 34246 | 27037 |
| Securities Held-to-Maturity (fair value June 30, 2025: $51,139; June 30, 2024: $54,450, respectively) | 61334 | 67302 |
| Other Securities | 650 | 1614 |
| Loans Held-for-Sale | 1540 | 1733 |
| Loans Receivable, Net of Allowance for Credit Losses (June 30, 2025: $4,484; June 30, 2024: $4,574, respectively) | 461004 | 470852 |
| Accrued Interest Receivable | 1836 | 1775 |
| Premises and Equipment, Net | 17266 | 18303 |
| Bank Owned Life Insurance | 6926 | 6810 |
| Goodwill | 2990 | 2990 |
| Core Deposit Intangible | 915 | 1199 |
| Deferred Tax Asset | 1163 | 1181 |
| Real Estate Owned | 970 | 418 |
| Other Assets | 1305 | 1350 |
| **Total Assets** | $609492 | $637512 |
| **LIABILITIES AND STOCKHOLDERS**' **EQUITY** |  |  |
| **LIABILITIES** |  |  |
| Deposits: |  |  |
| Non-interest bearing | $122416 | $130334 |
| Interest-bearing | 423874 | 443673 |
| Total Deposits | 546290 | 574007 |
| Advances from Borrowers for Taxes and Insurance | 543 | 521 |
| Other Borrowings | 4000 | 7000 |
| Other Accrued Expenses and Liabilities | 3454 | 3181 |
| **Total Liabilities** | 554287 | 584709 |
| **STOCKHOLDERS**' **EQUITY** |  |  |
| Preferred Stock - $0.01 Par Value; 10,000,000 Shares Authorized: None Issued and Outstanding |  |  |
| Common Stock - $0.01 Par Value; 40,000,000 Shares Authorized: 3,084,764 and 3,142,168 Shares Issued and Outstanding at June 30, 2025 and June 30, 2024, respectively | 32 | 32 |
| Additional Paid-in Capital | 42187 | 41739 |
| Unearned ESOP Stock | (321) | (408) |
| Retained Earnings | 15241 | 14055 |
| Accumulated Other Comprehensive Loss | (1934) | (2615) |
| **Total Stockholders**' **Equity** | 55205 | 52803 |
| **TOTAL LIABILITIES AND STOCKHOLDERS**' **EQUITY** | $609492 | $637512 |

---

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| |
|:---|
| **HOME FEDERAL BANCORP, INC. OF LOUISIANA** |
| **CONSOLIDATED STATEMENTS OF OPERATIONS** |
| (In thousands except per share data)<br> (Unaudited) |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
|  | **June 30,** | **June 30,** | **June 30,** | **June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **INTEREST INCOME** |  |  |  |  |
| Loans, including fees | $6920 | $7064 | $27346 | $29016 |
| Investment securities | 112 | 78 | 325 | 651 |
| Mortgage-backed securities | 535 | 441 | 1941 | 1826 |
| Other interest-earning assets | 71 | 236 | 850 | 371 |
| **Total interest income** | 7638 | 7819 | 30462 | 31864 |
| **INTEREST EXPENSE** |  |  |  |  |
| Deposits | 2589 | 3310 | 11441 | 11998 |
| Federal Home Loan Bank borrowings |  |  |  | 180 |
| Other bank borrowings | 76 | 149 | 350 | 735 |
| **Total interest expense** | 2665 | 3459 | 11791 | 12913 |
| **Net interest income** | 4973 | 4360 | 18671 | 18951 |
| **PROVISION FOR (RECOVERY OF) CREDIT LOSSES** | 46 | 45 | (126) | 40 |
| **Net interest income after provision for credit losses**  | 4927 | 4315 | 18797 | 18911 |
| **NON-INTEREST INCOME** |  |  |  |  |
| Gain on sale of loans | 203 | 81 | 384 | 265 |
| Gain(Loss) on sale of real estate | 1 |  | (265) | (415) |
| Gain(Loss) on sale of securities |  |  | (6) | 26 |
| Income on bank owned life insurance | 29 | 28 | 116 | 110 |
| Service charges on deposit accounts | 403 | 373 | 1568 | 1524 |
| Other income | 43 | 24 | 208 | 74 |
| **Total non-interest income** | 679 | 506 | 2005 | 1584 |
| **NON-INTEREST EXPENSE** |  |  |  |  |
| Compensation and benefits | 2273 | 2387 | 8940 | 9524 |
| Occupancy and equipment | 643 | 577 | 2354 | 2202 |
| Data processing | 332 | 142 | 1439 | 655 |
| Audit and examination fees | 124 | 93 | 597 | 549 |
| Franchise and bank shares tax | 135 | 168 | 439 | 656 |
| Advertising | 22 | 58 | 145 | 360 |
| Professional fees | 99 | 114 | 495 | 557 |
| Loan and collection | 30 | 31 | 134 | 155 |
| Amortization core deposit intangible | 69 | 76 | 285 | 334 |
| Deposit insurance premium | 80 | 104 | 347 | 393 |
| Other expenses | 244 | 247 | 973 | 1041 |
| **Total non-interest expense** | 4051 | 3997 | 16148 | 16426 |
| Income before income taxes | 1555 | 824 | 4654 | 4069 |
| **PROVISION FOR INCOME TAX EXPENSE** | 374 | 186 | 766 | 476 |
| **NET INCOME** | $1181 | $638 | $3888 | $3593 |
| **EARNINGS PER SHARE** |  |  |  |  |
| Basic | $0.39 | $0.21 | $1.27 | $1.18 |
| Diluted | $0.38 | $0.21 | $1.26 | $1.17 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
|  | **June 30,** | **June 30,** | **June 30,** | **June 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| **Selected Operating Ratios<sup>(1)</sup>:** |  |  |  |  |
| Average interest rate spread | 2.89% | 2.15% | 2.55% | 2.38% |
| Net interest margin | 3.52% | 2.91% | 3.23% | 3.08% |
| Return on average assets | 0.78% | 0.40% | 0.63% | 0.55% |
| Return on average equity | 8.64% | 5.07% | 7.31% | 7.01% |
| **Asset Quality Ratios<sup>(2)</sup>:** |  |  |  |  |
| Non-performing assets as a percent of total assets | 0.54% | 0.31% | 0.54% | 0.31% |
| Allowance for credit losses as a percent of non-performing loans | 191.99% | 228.70% | 191.99% | 228.70% |
| Allowance for credit losses as a percent of total loans receivable | 0.96% | 0.96% | 0.96% | 0.96% |
| **Per Share Data:** |  |  |  |  |
| Shares outstanding at period end | 3084764 | 3142168 | 3084764 | 3142168 |
| Weighted average shares outstanding: |  |  |  |  |
| Basic | 3032234 | 3056633 | 3054254 | 3044081 |
| Diluted | 3065150 | 3049576 | 3076694 | 3082560 |

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  <br> (1) Ratios for the three-month period are annualized. <br> (2) Asset quality ratios are end of period ratios.

 <br> CONTACT: James R. Barlow *Chairman of the Board, President and Chief Executive Officer* (318) 222-1145