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!

Louisiana Bancorp, Inc. Announces Earnings For The First Quarter

Stocks in this article: LABC

Total assets were $312.4 million at March 31, 2013, an increase of $503,000 compared to December 31, 2012. During the first three months of 2013, cash and cash equivalents decreased by $7.3 million to $3.4 million. Total securities available-for-sale were $11.3 million at March 31, 2013, a decrease of $830,000 compared to December 31, 2012. Total securities held-to-maturity decreased by $6.6 million during the first quarter of 2013, to $60.8 million, at March 31, 2013. The decreases in securities available-for-sale and securities held-to-maturity were due to the contractual and early repayments of principal on mortgage-backed securities and CMOs. Net loans receivable were $227.9 million at March 31, 2013, an increase of $14.8 million, or 6.9%, compared to December 31, 2012. During the first quarter of 2013, our first mortgage loans secured by single family residential loans increased by $8.3 million, our funded home equity loans and lines increased by $1.1 million, our loans secured by multifamily residential collateral increased by $1.2 million, and our first mortgage loans secured by non-residential commercial real estate increased by $4.3 million.  

Total deposits were $197.0 million at March 31, 2013 compared to $196.2 million at December 31, 2012. As of March 31, 2013, non-interest bearing deposits were $14.3 million, and interest-bearing deposits were $182.7 million. Total Federal Home Loan Bank advances and other borrowings were $56.2 million at March 31, 2013, an increase of $2.8 million from December 31, 2012. 

Total shareholders' equity was $55.1 million at March 31, 2013, a decrease of $1.6 million from December 31, 2012. During the three months ended March 31, 2013, the Company acquired 149,209 shares of its common stock at a total cost of $2.5 million pursuant to its repurchase plans. The effect of these repurchase transactions on total shareholders' capital was partially offset by net income of $500,000 and the release of 42,134 shares held by the Company's Recognition and Retention Plan Trust, with a total cost basis of $531,000, which became vested and were released to plan participants during the first quarter of 2013. The Bank's Tier 1 leverage ratio, Tier 1 risk-based capital ratio, and total risk-based capital were 14.17%, 24.38%, and 25.52%, respectively, at March 31, 2013.

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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