Net interest income was $27.1 million for the six months ended December 31, 2012 compared to $27.9 million for the six months ended December 31, 2011. Net interest income decreased $851,000, or 3.0%, compared to the same period in the prior year as declines in interest income on loans of $3.4 million outpaced a decrease in deposit and other borrowing costs of $2.4 million. Net interest margin (on a fully taxable-equivalent basis) for the six months ended December 31, 2012 decreased 10 basis points to 3.85% over the same period last year, primarily due to a 41 basis point decline in the yield on interest-earning assets (on a fully taxable-equivalent basis) to 4.40%, partially offset by a 27 basis point decline in the rate paid on interest-bearing liabilities to 0.72%. The decline in the yield on interest-earning assets during the three and six months ended December 31, 2012 was primarily due to significant increases in interest-earning deposits as a result of the investment of the proceeds from our July 2012 stock conversion at relatively low interest rates.Noninterest income was $2.9 million for the three months ended December 31, 2012 compared to $2.1 million for the same three month period in the prior fiscal year. Mortgage banking income and fees increased $501,000 or 49.7% as proceeds from sales of loans held for sale increased to $71.8 million during the second quarter of fiscal 2013 compared to $49.7 million for the same quarter in the prior fiscal year.
HomeTrust Bancshares, Inc. Reports Second Quarter Fiscal Year 2013 Financial Results
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