Home Federal Bancorp, Inc. of Louisiana reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. The company reported net income for the three months ended December 31, 2013 of $645,000, a decrease of $236,000 compared to net income of $881,000 reported for the three months ended December 31, 2012. The company's basic and diluted earnings per share were $0.31 and $0.30, respectively, for the quarter ended December 31, 2013, compared to basic and diluted earnings per share of $0.36 and $0.35, respectively, for the quarter ended December 31, 2012. The decrease in net income for the three months ended December 31, 2013, resulted primarily from a decrease of $350,000, or 38.1%, in non-interest income, a $91,000, or 4.3%, increase in non-interest expense and a $20,000, or 0.8%, decrease in net interest income, partially offset by a $94,000, or 81.0%, decrease in the provision for loan losses, and a $131,000, or 29.8%, decrease in income tax expense. Net interest income was $2,632,000 against $2,652,000 of prior year period. The decrease in net interest income for the three months ended December 31, 2013, was primarily due to a $64,000 or 1.9%, decrease in total interest income, partially offset by a decrease of $44,000, or 6.8%, in aggregate interest expense on borrowings and deposits primarily due to an overall decrease in rates paid on interest-bearing liabilities. Income before income taxes was $954,000 against $1,321,000 of prior year period. Return on average assets and return on average equity were 0.89% and 5.89% against 1.29% and 7.52% of prior year period.

The company reported net income of $1,358,000 for the six months ended December 31, 2013, a decrease of $461,000 compared to $1,819,000 for the six months ended December 31, 2012. The company's basic and diluted earnings per share were $0.64 and $0.63, respectively, for the six months ended December 31, 2013, compared to $0.73 and $0.71, respectively, for the six months ended December 31, 2012. The decrease in net income for the six months ended December 31, 2013, resulted primarily from a $679,000 or 36.7%, decrease in non-interest income, and an increase of $212,000 or 5.1%, in non-interest expense partially offset by a $36,000 or 0.7%, increase in net interest income, a $139,000 or 61.2% decrease in the provision for loan losses, and a $255,000 or 28.1%, decrease in income tax expense. Net interest income was $5,334,000 against $5,298,000 of prior year period. The increase in net interest income for the six month period was primarily due to a $107,000 or 8.0% decrease in interest expense on borrowings and deposits due to an overall decline in the average cost of funds partially offset by a $71,000 or 1.1%, decrease in total interest income. Income before income taxes was $2,011,000 against $2,727,000 of prior year period. Return on average assets and return on average equity were 0.93% and 6.17% against 1.33% and 7.58% of prior year period.