This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Home Financial Bancorp Announces Second Quarter Results

Non-interest income jumped $45,000 or 34%, to $178,000 for the quarter. Gain on sale of securities totaled $65,000. No gains on sale of securities were reported for the year-earlier period. Total non-interest expense for second quarter 2013 fell $10,000 or 1%, compared to the same period a year ago. Repossessed property expense decreased $37,000 or 50%. Salaries and employee benefit expense increased $33,000 or 10%.

For the six-month period ended December 31, 2012, the Company reported net income of $256,000, or $.20 basic and $.19 diluted earnings per share. Net income was $254,000, or $.19 basic and diluted earnings per share for the six months ended December 31, 2011. Gain on sale of securities, and lower repossessed property expense, offset the impact of higher loan loss provisions plus higher legal and professional fees; resulting in net income comparable to the same six-month period a year earlier.

Net interest income was $1.6 million for both six-month periods ending December 31, 2012 and 2011. Interest income fell $150,000 or 7%, but was more than offset by a $165,000 or 30% drop in interest expense.

Loan loss provisions were $200,000 for the six-month period ended December 31, 2012, compared to $137,000 a year earlier. Loan loss provisions reflect management’s assessment of various risk factors including, but not limited to, the level and trend of loan delinquencies and losses. Net loan losses for the six months ended December 31, 2012 increased to $227,000, compared to $210,000 for the six months ended December 31, 2011.

Non-interest income was $356,000 for the first half of fiscal 2013, compared to $310,000 for the year-earlier period. Gain on sale of securities increased $84,000, to $121,000. Non-interest expense increased $28,000 or 2%. Repossessed property expense, including net loss on sale of foreclosed property, dropped $43,000 or 44%, to $55,000 for the six-month period ended December 31, 2012. Legal and professional fees increased $51,000 or 64% to $130,000.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.23 -1.70%
FB $116.77 0.03%
GOOG $692.37 0.20%
TSLA $245.50 -0.89%
YHOO $36.53 -0.16%


Chart of I:DJI
DOW 17,750.91 -79.85 -0.45%
S&P 500 2,066.13 -9.68 -0.47%
NASDAQ 4,777.1220 -28.1690 -0.59%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs