Home Federal Bancorp, Inc. of Louisiana, incorporated on August 5, 2010, operates as a bank holding company for Home Federal Bank (the Bank). The Bank is a federally chartered stock savings bank, which provides financial services to individuals, corporate entities and other organizations. The Bank's business consists of attracting deposits from the general public and using those funds to originate loans. The Company's primary market area for loans and deposits is in northwest Louisiana, particularly Caddo Parish and neighboring communities in Bossier Parish, which are located in the Shreveport-Bossier city metropolitan statistical area.
Lending Activities
The Company's loan portfolio includes one- to four-family residential real estate loans, commercial-real estate secured loans, multi-family residential loans, equity lines of credit, commercial business loans, land loans, construction loans, consumer non-real estate loans, and home equity and second mortgage loans. As June 30, 2016, the Company's total loan portfolio amounted to $293.8 million.
Investment Securities
The Company's investments include securities held-to-maturity and securities available-for-sale. It invests in various types of securities, including mortgage-backed securities, the United States Treasury obligations, securities of various federal agencies and of state and municipal governments, certificates of deposit at federally insured banks and savings institutions, certain banker's acceptances and federal funds. Its investment in equity securities consists of Federal Home Loan Bank of Dallas (FHLB) stock and shares of First National Bankers Bankshares, Inc. (FNBB). The Company's mortgage-backed securities consist of Ginnie Mae securities (GNMA), Freddie Mac securities (FHLMC) and Fannie Mae securities (FNMA). As of June 30, 2016, the Company's total investment securities were $52.3 million.
Sources of Funds
Deposits are the Company's primary source of funds for lending and other investment purposes. In addition to deposits, principal and interest payments on loans and investment securities are a source of funds. The Company attracts deposits principally from residents of Louisiana and particularly from Caddo and Bossier Parishes. The Company's deposits include non-interest bearing demand accounts, negotiable order of withdrawal (NOW) accounts, money market, certificates of deposits and passbook savings. As of June 30, 2016, the Company's total deposits were $287.8 million.
624 Market St
The company trades on NASDAQ exchange. The company headquarter is located in Louisiana, LA. The company was established in the 1924.| Ticker | HFBL |
| Long Name | Home Federal Bancorp, Inc. of Louisiana |
| Short Name | Home Federal Bancorp of Louisiana |