This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Home Financial Bancorp Announces Second Quarter Results

Stocks in this article: HWEN

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs