Home Federal Bancorp of Louisiana, the holding company of Home Federal Savings and Loan Association, has reported net earnings for the second quarter ended December 31, 2008 of $139,000, or basic earnings per share of $0.04, a decrease of $12,000, or 7.9%, from $151,000, or basic earnings per share of $0.05, for the second quarter of 2007.
According to the company, the decrease in net earnings for the second quarter of 2008 resulted primarily from a $72,000, or 87.8%, decrease in non-interest income and a $46,000, or 7.3%, increase in non-interest expense.
For the six months ended December 31, 2008, the company reported net earnings of $248,000, or basic earnings per share of $0.08, a decrease of $15,000, or 5.7%, as compared to $263,000, or basic earnings per share of $0.08, for the six months ended December 31, 2007. The decrease in net earnings for the six months ended December 31, 2008 resulted primarily from a $165,000, or 13.1%, increase in non-interest expense, and a $67,000, or 55.8%, decrease in non-interest income.
At December 31, 2008, Home Federal Bancorp of Louisiana reported total assets of $155.6 million, an increase of $17.9 million, or 13%, compared to $137.7 million at June 30, 2008.
