Parent Company Financial Statements

12 Months Ended

Jun. 30, 2024

Parent Company Financial Statements [Abstract]

Parent Company Financial Statements

Note 23. Parent Company Financial Statements

Financial information pertaining only to Home Federal Bancorp, Inc. of Louisiana as of June 30, 2024 and 2023 is as follows:

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Condensed Balance Sheets

June 30, 2024 and 2023

	June 30,
	2024		2023
	(In Thousands)
Assets
Cash and Cash Equivalents	$	666	$	243
Investment in Subsidiary		58,883		58,802
Other Assets		394		305
Total Assets	$	59,943	$	59,350
Liabilities and Stockholders’ Equity
Borrowings	$	7,000	$	8,550
Other Liabilities		140		258
Stockholders’ Equity		52,803		50,542
Total Liabilities and Stockholders’ Equity	$	59,943	$	59,350

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Condensed Statements of Operations

For the Years Ended June 30, 2024 and 2023

	For the Years Ended June 30,
	2024			2023
	(In Thousands)
Equity in Undistributed Earnings of Subsidiary	$	4,542		$	6,458
Interest Income		1			12
Total Income		4,543			6,470
Operating Expenses		711			473
Interest Expense		731			494
Total Expense		1,442			967
Income Before Income Tax Benefit		3,101			5,503
Income Tax Benefit		(303	)		(201	)
Net Income	$	3,404		$	5,704

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Condensed Statements of Cash Flows

For the Years Ended June 30, 2024 and 2023

	For the Years Ended June 30,
	2024			2023
	(In Thousands)
Operating Activities
Net Income	$	3,404		$	5,704
Adjustments to Reconcile Net Income to Net
Cash Used in Operating Activities
Equity in Undistributed Earnings of Subsidiary		(4,542	)		(6,458	)
Increase in Other Assets		(89	)		(50	)
(Decrease) Increase in Other Liabilities		(118	)		163
Net Cash Used in Operating Activities		(1,345	)		(641	)
Investing Activities
Net Cash Paid in Acquisition		-			(10,244	)
Net Cash used in Investing Activities		-			(10,244	)
Financing Activities
Distribution from Subsidiary		4,500			11,400
Proceeds from Stock Options Exercised		374			328
Proceeds of Borrowings		-			6,200
Repayment of Borrowings		(1,550	)		-
Proceeds Received from Subsidiary on Stock Compensation Programs		500			620
Company Stock Purchased		(487	)		(5,963	)
Dividends Paid		(1,569	)		(1,540	)
Net Cash Provided by Financing Activities		1,768			11,045
Decrease in Cash and Cash Equivalents		423			160
Cash and Cash Equivalents, Beginning of Year		243			83
Cash and Cash Equivalents, End of Year	$	666		$	243