Home Federal Bancorp, Inc. of Louisiana reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. The company reported net income for the three months ended March 31, 2013 of $676,000, an increase of $89,000 compared to net income of $587,000 reported for the three months ended March 31, 2012. The company's basic and diluted earnings per share were $0.31 and $0.30, respectively, for the quarter ended March 31, 2013, compared to basic and diluted earnings per share of $0.21 for the quarter ended March 31, 2012. The increase in net income for the three months ended March 31, 2013, resulted primarily from a $126,000 or 5.0%, increase in net interest income, an $81,000 or 3.5%, decrease in non-interest expense, and a $2,000 or 0.9%, decrease in the provision for loan losses, partially offset by a decrease of $56,000 or 6.8%, in non-interest income and a $64,000 or 24.7%, increase in income tax expense. Net interest income was $2.6 million against $2.5 million for the same period last year. The increase in net interest income for the three months ended March 31, 2013, was primarily due to a decrease of $126,000 or 16.9%, in aggregate interest expense on borrowings and deposits primarily due to an overall decrease in rates paid on interest-bearing liabilities. Total interest income was constant at $3.3 million for both three month periods. Income before income taxes was $999,000 against $846,000 of prior year period. Return on average assets and return on average equity were 0.97% and 6.33% against 0.90% and 4.61% of prior year period. Tangible book value at period end was $17.92 against $16.97 of prior year period. The company reported net income of $2.5 million for the nine months ended March 31, 2013, an increase of $426,000 compared to $2.1 million reported for the nine months ended March 31, 2012. The company's basic and diluted earnings per share were $1.04 and $1.01, respectively, for the nine months ended March 31, 2013, compared to basic and diluted earnings per share of $0.73 for the nine months ended March 31, 2012. The increase in net income for the nine months ended March 31, 2013, resulted primarily from a $911,000 or 12.9%, increase in net interest income, a $150,000 or 6.1%, increase in non-interest income, and a $49,000 or 10.0%, decrease in the provision for loan losses, partially offset by an increase of $308,000, or 5.1%, in non-interest expense and a $376,000 or 44.0%, increase in income tax expense. Net interest income was $7.9 million against $7 million for the same period last year. The increase in net interest income for the nine month period was primarily due to an increase in total interest income as a result of an increase in the volume of interest-earning assets combined with a decrease in interest expense on borrowings and deposits due to an overall decline in the average cost of funds. Income before income taxes was $3.7 million against $2.9 million of prior year period. Return on average assets and return on average equity were 1.21% and 7.20% against 1.10% and 5.43% of prior year period.

Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on April 10, 2013, declared a quarterly cash dividend of $0.06 per share on the common stock of the company. The dividend is payable on May 6, 2013, to the shareholders of record at the close of business on April 22, 2013.

Home Federal Bancorp, Inc. of Louisiana, Board Meeting, Apr 10, 2013. Agenda: To consider and declare of quarterly cash dividend.