Home Loan Financial Corporation reports earnings for quarter
COSHOCTON – Home Loan Financial Corporation (OTCBB: HLFN), the parent company of The Home Loan Savings Bank, announced net income of $702,000, or $0.50 basic and diluted earnings per share, for the quarter ended Sept. 30, 2012 compared to net income of $535,000, or $0.38 basic and diluted earnings per share, for the quarter ended Sept. 30, 2011, an increase of $167,000, or 31.1%.
This increase in earnings for the quarter ended Sept. 30, 2012 compared with Sept. 30, 2011 was primarily attributable to an increase in net interest income of $166,000, an increase in noninterest income of $64,000, and a decrease in noninterest expense of $18,000, partially offset by an increase of federal income tax expense of $81,000.
Total assets at Sept. 30, 2012 were $165.1 million compared to June 30, 2012 assets of $166.6 million. Total deposits at Sept. 30, 2012 were $129.5 million compared to June 30, 2012 deposits of $131.3 million, a decrease of $1.8 million. Total equity at Sept. 30, 2012 was $20.3 million compared to $20.1 million at June 30, 2012, an increase of $137,000.
Home Loan Financial Corporation and The Home Loan Savings Bank are headquartered at 413 Main Street, Coshocton, Ohio 43812. The Home Loan Savings Bank has two offices located in Coshocton, Ohio, a branch in West Lafayette, Ohio and a branch in Mount Vernon, Ohio.
Condensed Consolidated Financial Statements
Consolidated Statements of Income
Category: Business
