Home Loan Financial Corporation reports earnings
COSHOCTON – Home Loan Financial Corporation (OTCBB: HLFN), the parent company of The Home Loan Savings Bank, announced net income of $700,000, or $0.50 basic and diluted earnings per share, for the quarter ended Dec. 31, 2012 compared to net income of $557,000, or $0.39 basic and diluted earnings per share, for the quarter ended Dec. 31, 2011, an increase of $144,000, or 25.8%.
This increase in earnings for the quarter ended Dec. 31, 2012 compared with Dec. 31, 2011 was primarily attributable to an increase in net interest income of $147,000 and an increase in noninterest income of $85,000, partially offset by an increase in noninterest expense of $23,000 and an increase in federal income tax expense of $76,000.
Total assets at Dec. 31, 2012 were $167.2 million compared to June 30, 2012 assets of $166.6 million. Total deposits at Dec. 31, 2012 were $128.2 million compared to June 30, 2012 deposits of $131.3 million, a decrease of $3.1 million. Total equity at Dec. 31, 2012 was $20.7 million compared to $20.1 million at June 30, 2012, an increase of $554,000.
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.
See Home Loan Financial Corporation Condensed Consolidated Financial Statements: Condensed Consolidated Financial Statements
Category: Business
