Home Federal Bancorp, Inc. of Louisiana announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported total interest income of $3,299,000 against $3,226,000 a year ago. Net interest income was $2,652,000 against $2,437,000 a year ago. Income before income taxes was $1,321,000 against $997,000 a year ago. Net income was $881,000 or $0.35 per diluted share against $680,000 or $0.23 per diluted share a year ago. Return on average assets was 1.29% against 1.08% a year ago. Return on average equity was 7.52% against 5.32% a year ago. The increase in net interest income was due to an increase of $73,000, or 2.3%, in total interest income primarily as a result of an increase in volume of interest-earning assets, and a decrease of $142,000, or 18.0%, in aggregate interest expense on borrowings and deposits primarily due to an overall decrease in rates paid on interest-bearing liabilities.

For six months, the company reported total interest income of $6,638,000 against $6,099,000 a year ago. Net interest income was $5,298,000 against $4,513,000 a year ago. Income before income taxes was $2,727,000 against $2,078,000 a year ago. Net income was $1,819,000 or $0.71 per diluted share against $1,482,000 or $0.51 per diluted share a year ago. Return on average assets was 1.33% against 1.20% a year ago. Return on average equity was 7.58% against 5.84% a year ago. The increase in net interest income was primarily due to an increase in total interest income as a result of an increase in the volume of interest-earning assets and a decrease in interest expense on borrowings and deposits due to an overall decline in the average cost of funds. Tangible book value per share at period end was $17.70 compared to $17.14 for the same period a year ago.