10-Q

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
FORM 10-Q
(Mark One)
[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:	September 30, 2016
or

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-35019

HOME FEDERAL BANCORP, INC. OF LOUISIANA

(Exact name of registrant as specified in its charter)

Louisiana	02-0815311
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

624 Market Street, Shreveport, Louisiana	71101
(Address of principal executive offices)	(Zip Code)

(318) 222-1145

(Registrant's telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   [X] Yes    [  ]  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).       [X] Yes   [  ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check One):

Large accelerated filer                               [   ]                                                        Accelerated filer                                      [   ]

Non-accelerated filer                                [   ]                                                        Smaller reporting company                     [X]

(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

[   ] Yes     [X] No

Shares of common stock, par value $.01 per share, outstanding as of November 9, 2016: The registrant had 1,966,084 shares of common stock outstanding.

INDEX
 

		Page
PART I	FINANCIAL INFORMATION
Item 1:	Financial Statements (Unaudited)
	Consolidated Statements of Financial Condition	1
	Consolidated Statements of Income	2
	Consolidated Statements of Comprehensive Income	3
	Consolidated Statements of Changes in Stockholders' Equity	4
	Consolidated Statements of Cash Flows	5
	Notes to Consolidated Financial Statements	7
Item 2:	Management's Discussion and Analysis of Financial Condition and  Results of Operations	26
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	32
Item 4:	Controls and Procedures	32
PART II	OTHER INFORMATION
Item 1:	Legal Proceedings	32
Item 1A:	Risk Factors	32
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 3:	Defaults Upon Senior Securities	33
Item 4:	Mine Safety Disclosures	33
Item 5:	Other Information	33
Item 6:	Exhibits	33
SIGNATURES

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

	September 30, 2016			June 30, 2016
	(In Thousands)
ASSETS
Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $2,463and $2,529 for September 30, 2016 and June 30, 2016, Respectively)	$	6,265		$	4,756
Securities Available-for-Sale		46,109			50,173
Securities Held-to-Maturity (Fair Value of $12,750 and $2,349, Respectively)		12,838			2,349
Loans Held-for-Sale		14,980			11,919
Loans Receivable, Net of Allowance for Loan Losses of $3,137 and $2,845, Respectively		287,634			290,827
Accrued Interest Receivable		1,011			1,024
Premises and Equipment, Net		12,060			12,366
Bank Owned Life Insurance		6,560			6,523
Deferred Tax Asset		1,210			984
Other Assets		875			780
Total Assets	$	389,542		$	381,701
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits	$	299,325		$	287,822
Advances from Borrowers for Taxes and Insurance		898			716
Advances from Federal Home Loan Bank of Dallas		42,301			47,665
Other Bank Borrowings		400			400
Other Accrued Expenses and Liabilities		2,645			1,706
Total Liabilities		345,569			338,309
STOCKHOLDERS' EQUITY
Preferred Stock – $.01 Par Value; 10,000,000 Shares Authorized; None Issued and Outstanding		--			--
Common Stock – $.01 Par Value; 40,000,000 Shares Authorized; 1,959,419 and 1,967,955 Shares Issued and Outstanding at       September 30, 2016 and June 30, 2016, Respectively		23			23
Additional Paid-in Capital		34,011			33,863
Unearned ESOP Stock		(1,302	)		(1,331	)
Unearned RRP Trust Stock		(241	)		(265	)
Retained Earnings		11,596			11,018
Accumulated Other Comprehensive Income		(114	)		84
Total Stockholders' Equity		43,973			43,392
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	389,542		$	381,701

See accompanying notes to unaudited consolidated financial statements.

1

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	For the Three Months Ended September 30,
	2016		2015
	(In Thousands, Except per Share Data)
INTEREST INCOME
Loans, Including Fees	$	3,894	$	3,636
Investment Securities		5		6
Mortgage-Backed Securities		192		195
Other Interest-Earning Assets		4		8
Total Interest Income		4,095		3,845
INTEREST EXPENSE
Deposits		540		605
Other Borrowings		3		--
Federal Home Loan Bank Borrowings		95		62
Total Interest Expense		638		667
Net Interest Income		3,457		3,178
PROVISION FOR LOAN LOSSES		300		65
Net Interest Income after Provision for Loan Losses		3,157		3,113
NON-INTEREST INCOME
Gain on Sale of Real Estate		110		--
Gain on Sale of Loans		798		725
Income on Bank Owned Life Insurance		37		40
Service Charges on deposit accounts		163		134
Other Income		10		13
Total Non-Interest Income		1,118		912
NON-INTEREST EXPENSE
Compensation and Benefits		1,722		1,708
Occupancy and Equipment		307		239
Data Processing		155		130
Audit and Examination Fees		52		50
Franchise and Bank Shares Tax		95		91
Advertising		72		61
Legal Fees		81		66
Loan and Collection		99		83
Deposit Insurance Premium		45		60
Other Expense		147		145
Total Non-Interest Expense		2,775		2,633
Income Before Income Taxes		1,500		1,392
PROVISION FOR INCOME TAX EXPENSE		498		451
Net Income	$	1,002	$	941
EARNINGS PER COMMON SHARE:
Basic	$	0.55	$	0.49
Diluted	$	0.53	$	0.47
DIVIDENDS DECLARED	$	0.09	$	0.08

See accompanying notes to unaudited consolidated financial statements.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	For the Three Months Ended September 30,
	2016			2015
	(In Thousands)
Net Income	$	1,002		$	941
Other Comprehensive Loss, Net of Tax
Unrealized Holding Loss on Securities Available-for-Sale, Net of Tax of $103 in 2016 and $26 in 2015		(198	)		(50	)
Total Comprehensive Income	$	804		$	891

See accompanying notes to unaudited consolidated financial statements.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

THREE MONTHS ENDED SEPTEMBER 30, 2016 AND 2015

(Unaudited)

	Common Stock		Additional Paid-in Capital		Unearned ESOP Stock			Unearned RRP Trust Stock			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Total Stockholders' Equity
								(In Thousands)
BALANCE – June 30, 2015	$	25	$	33,375	$	(1,445	)	$	(333	)	$	11,664		$	100		$	43,386
Net Income		--		--		--			--			941			--			941
Changes in Unrealized Gain     on Securities Available-for-     Sale, Net of Tax Effects		--		--		--			--			--			(50	)		(50	)
RRP Shares Earned		--		--		--			55			--			--			55
Stock Options Vested		--		44		--			--			--			--			44
Common Stock Issuance for Stock     Option Exercises		--		50		--			--			--			--			50
ESOP Compensation Earned		--		33		28			--			--			--			61
Company Stock Purchased		--		--		--			--			(299	)		--			(299	)
Dividends Declared		--		--		--			--			(169	)		--			(169	)
BALANCE – September 30, 2015	$	25	$	33,502	$	(1,417	)	$	(278	)	$	12,137		$	50		$	44,019
BALANCE – June 30, 2016	$	23	$	33,863	$	(1,331	)	$	(265	)	$	11,018		$	84		$	43,392
Net Income		--		--		--			--			1,002			--			1,002
Changes in Unrealized Gain     on Securities Available-for-     Sale, Net of Tax Effects		--		--		--			--			--			(198	)		(198	)
RRP Shares Earned		--		--		--			24			--			--			24
Stock Options Vested		--		73		--			--			--			--			73
Common Stock Issuance for Stock     Option Exercises		--		39		--			--			--			--			39
ESOP Compensation Earned		--		36		29			--			--			--			65
Company Stock Purchased		--		--		--			--			(247	)		--			(247	)
Dividends Declared		--		--		--			--			(177	)		--			(177	)
BALANCE – September 30, 2016	$	23	$	34,011	$	(1,302	)	$	(241	)	$	11,596		$	(114	)	$	43,973

See accompanying notes to unaudited consolidated financial statements.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	1,002		$	941
Adjustments to Reconcile Net Income to Net
Cash Provided by (Used in) Operating Activities
Gain on Sale of Real Estate		(110	)		--
Bad Debt Recovery		6			33
Net Amortization and Accretion on Securities		5			6
Gain on Sale of Loans		(798	)		(725	)
Amortization of Deferred Loan Fees		(20	)		(20	)
Depreciation of Premises and Equipment		132			98
ESOP Expense		65			61
Stock Option Expense		73			44
Recognition and Retention Plan Expense		58			59
Deferred Income Tax		(124	)		(39	)
Provision for Loan Losses		300			65
Increase in Cash Surrender Value on Bank Owned Life Insurance		(37	)		(40	)
Share Awards Expense		34			--
Changes in Assets and Liabilities:
Loans Held-for-Sale – Originations and Purchases		(31,710	)		(27,007	)
Loans Held-for-Sale – Sale and Principal Repayments		29,448			30,986
Accrued Interest Receivable		12			(22	)
Other Operating Assets		(93	)		73
Other Operating Liabilities		871			532
Net Cash (Used In) Provided by Operating Activities		(886	)		5,045
CASH FLOWS FROM INVESTING ACTIVITIES
Loan Originations and Purchases, Net of Principal Collections		2,890			(635	)
Deferred Loan Fees Collected		16			1
Acquisition of Premises and Equipment		(140	)		(1,284	)
Proceeds From Sale of Real Estate		423			--
Activity in Available-for-Sale Securities:
Principal Payments on Mortgage-Backed Securities		3,759			3,255
Activity in Held-to-Maturity Securities:
Redemption Proceeds		--			509
Purchases of Securities		(10,489	)		(2	)
Net Cash (Used in) Provided by Investing Activities		(3,541	)		1,844

 See accompanying notes to unaudited consolidated financial statements.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(Unaudited)
	Three Months Ended
	September 30,
	2016			2015
	(In Thousands)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	$	11,502		$	7,037
Proceeds from Federal Home Loan Bank Advances		431,600			44,000
Repayments of Advances from Federal Home Loan Bank		(436,963	)		(56,060	)
Net Increase in Advances from Borrowers for Taxes and Insurance		182			166
Dividends Paid		(177	)		(169	)
Company Stock Purchased		(247	)		(299	)
Proceeds from Stock Options Exercised		39			50
Net Cash Provided by (Used in) Financing Activities		5,936			(5,275	)
NET INCREASE IN CASH AND CASH EQUIVALENTS		1,509			1,614
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD		4,756			21,166
CASH AND CASH EQUIVALENTS - END OF PERIOD	$	6,265		$	22,780
SUPPLEMENTARY CASH FLOW INFORMATION
Interest Paid on Deposits and Borrowed Funds	$	625		$	665
Income Taxes Paid		1			1
Market Value Adjustment for Loss on Securities Available-for-Sale		(301	)		(75	)

See accompanying notes to unaudited consolidated financial statements.

6

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.Summary of Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of Home Federal Bancorp, Inc. of Louisiana (the "Company") and its subsidiary, Home Federal Bank ("Home Federal Bank" or the "Bank").  These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended September 30, 2016 are not necessarily indicative of the results which may be expected for the fiscal year ending June 30, 2017.

The Company follows accounting standards set by the Financial Accounting Standards Board (the "FASB"). The FASB sets generally accepted accounting principles ("GAAP") that we follow to ensure we consistently report our financial condition, results of operations, and cash flows.  References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification (the "Codification" or the "ASC").

In accordance with the subsequent events topic of the ASC, the Company evaluates events and transactions that occur after the balance sheet date for potential recognition in the financial statements.  The effect of all subsequent events that provide additional evidence of conditions that existed at the balance sheet date are recognized in the financial statements as of September 30, 2016.  In preparing these financial statements, the Company evaluated the events and transactions that occurred through the date these financial statements were issued.

Use of Estimates

In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  Material estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan losses.

Nature of Operations

Home Federal Bancorp, Inc. of Louisiana, a Louisiana corporation, is the fully public stock holding company for Home Federal Bank located in Shreveport, Louisiana.  The Bank is a federally chartered, stock savings and loan association and is subject to federal regulation by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.  The Company is a savings and loan holding company regulated by the Board of Governors of the Federal Reserve System. Services are provided to the Bank's customers by six full-service banking offices and one administrative office, located in Caddo and Bossier Parishes, Louisiana.  The area served by the Bank is primarily the Shreveport-Bossier City metropolitan area; however, loan and deposit customers are found dispersed in a wider geographical area covering much of northwest Louisiana. As of September 30, 2016, the Bank had one wholly-owned subsidiary, Metro Financial Services, Inc., which previously engaged in the sale of annuity contracts and does not currently engage in a meaningful amount of business.

Cash and Cash Equivalents

For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, balances due from banks, and federal funds sold, all of which mature within ninety days.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

1.Summary of Accounting Policies (continued)

Securities

The Company classifies its debt and equity investment securities into one of three categories:  held-to-maturity, available-for-sale, or trading.  Investments in nonmarketable equity securities and debt securities, in which the Company has the positive intent and ability to hold to maturity, are classified as held-to-maturity and carried at amortized cost.  Investments in debt securities that are not classified as held-to-maturity and marketable equity securities that have readily determinable fair values are classified as either trading or available-for-sale securities.  Securities that are acquired and held principally for the purpose of selling in the near term are classified as trading securities.  Investments in securities not classified as trading or held-to-maturity are classified as available-for-sale.

Trading account and available-for-sale securities are carried at fair value.  Unrealized holding gains and losses on trading securities are included in earnings, while net unrealized holding gains and losses on available-for-sale securities are excluded from earnings and reported in other comprehensive income.  Purchase premiums and discounts are recognized in interest income using the interest method over the term of the securities.  Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses.  In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.  Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method.

Loans Held-for-Sale

Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate.  Net unrealized losses, if any, are recognized through a valuation allowance by charges to income.

Loans

Loans receivable are stated as unpaid principal balances less allowances for loan losses and unamortized deferred loan fees.  Net nonrefundable fees (loan origination fees, commitment fees, discount points) and costs associated with lending activities are being deferred and subsequently amortized into income as an adjustment of yield on the related interest earning assets using the interest method.  Interest income on contractual loans receivable is recognized on the accrual method.  Unearned discount on property improvement and automobile loans is deferred and amortized on the interest method over the life of the loan.

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings.  Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed.  Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of the underlying collateral, and prevailing economic conditions.  The evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

1.Summary of Accounting Policies (continued)

Allowance for Loan Losses (continued)

A loan is considered impaired when, based on current information or events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement.  When a loan is impaired, the measurement of such impairment is based upon the present value of expected future cash flows or the fair value of the collateral of the loan.  If the present value of expected future cash flows or fair value of the collateral is less than the recorded investment in the loan, the Bank will recognize the impairment by creating a valuation allowance with a corresponding charge against earnings.

An allowance is also established for uncollectible interest on loans classified as substandard.  The allowance is established by a charge to interest income equal to all interest previously accrued and income is subsequently recognized only to the extent that cash payments are received.  When, in management's judgment, the borrower's ability to make periodic interest and principal payments is back to normal, the loan is returned to accrual status.

It should be understood that estimates of future loan losses involve an exercise of judgment.  While it is possible that in particular periods the Company may sustain losses which are substantial relative to the allowance for loan losses, it is the judgment of management that the allowance for loan losses reflected in the accompanying statements of condition is adequate to absorb possible losses in the existing loan portfolio.

Off-Balance Sheet Credit Related Financial Instruments

In the ordinary course of business, the Bank has entered into commitments to extend credit.  Such financial instruments are recorded when they are funded.

Foreclosed Assets

Assets acquired through, or in lieu of, loan foreclosure are held-for-sale and are transferred to other real estate owned at the lower of cost or current fair value minus estimated cost to sell as of the date of foreclosure.  Cost is defined as the lower of the fair value of the property or the recorded investment in the loan.  Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell.

Premises and Equipment

Land is carried at cost.  Buildings and equipment are carried at cost less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets.

Income Taxes

The Company and its wholly-owned subsidiary file a consolidated Federal income tax return on a fiscal year basis.  Each entity pays its pro-rata share of income taxes in accordance with a written tax-sharing agreement.

The Company accounts for income taxes on the asset and liability method.  Deferred tax assets and liabilities are recorded based on the difference between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, computed using enacted tax rates.  A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years.  Although realization is not assured, management believes it is more likely than not that all of the deferred tax assets will be realized.  Current taxes are measured by applying the provisions of enacted tax laws to taxable income to determine the amount of taxes receivable or payable.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

1.Summary of Accounting Policies (continued)

Income Taxes (continued)

While the Bank is exempt from Louisiana income tax, it is subject to the Louisiana Ad Valorem Tax, commonly referred to as the Louisiana Shares Tax, which is based on stockholders' equity and net income.

Comprehensive Income

Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income.  Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the Consolidated Statements of Financial Condition, such items, along with net income, are components of comprehensive income.

Stockholders' Equity

On January 1, 2015, the Louisiana Business Corporation Act (the Act) became effective.  Under the provisions of the Act, there is no concept of "Treasury Shares".  Rather, shares purchased by the Company constitute authorized but unissued shares.  Under Accounting Standards Codification (ASC) 505-30, Treasury Stock, accounting for treasury stock shall conform to state law.  Accordingly, the Company's Consolidated Statements of Financial Condition as of June 30, 2016 and September 30, 2016 reflect this change.  The cost of shares purchased by the Company has been allocated to Common Stock and Retained Earnings balances.

Recent Accounting Pronouncements

In August 2014, the FASB issued ASU 2014-13, Consolidation (Topic 810):  Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity.  The amendments of ASU 2014-13 allow for a reporting entity that consolidates a collateralized financing entity within the scope of the guidance to elect to measure the financial assets and the financial liabilities of that collateralized financing entity using the measurement alternative.  Under the measurement alternative, the reporting entity should measure both the financial assets and the financial liabilities of that collateralized financing entity in its consolidated financial statements using the more observable of the fair value of the financial assets and the fair value of the financial liabilities.   The amendments are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015.   The adoption of this guidance is not expected to have a material effect on the Company's financial statements.

In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40).  The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure, if the following conditions are met:  (1) the loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, and (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed.  Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor.  The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014.  This Update did not have a significant impact on the Company's financial statements.

In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20):  Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.   The amendments of ASU 2015-01 eliminate from Generally Accepted Accounting Principles the concept of extraordinary items.  The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015.

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HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2.Securities

The amortized cost and fair value of securities with gross unrealized gains and losses follows:

	September 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	10,229	$	9	$	377	$	9,861
FNMA Mortgage-Backed Certificates		24,748		549		46		25,251
GNMA Mortgage-Backed Certificates		11,305		4		312		10,997
Total Debt Securities		46,282		562		735		46,109
Total Securities Available-for-Sale	$	46,282	$	562	$	735	$	46,109
Securities Held-to-Maturity
Debt Securities
FNMA Mortgage-Backed Certificates	$	10,292	$	--	$	88	$	10,204
Equity Securities (Non-Marketable)
22,956Shares – Federal Home Loan Bank		2,296		--		--		2,296
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,546		--		--		2,546
Total Securities Held-to-Maturity	$	12,838	$	--	$	88	$	12,750

	June 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	10,928	$	12	$	147	$	10,793
FNMA Mortgage-Backed Certificates		26,610		613		--		27,223
GNMA Mortgage-Backed Certificates		12,507		4		354		12,157
Total Debt Securities		50,045		629		501		50,173
Total Securities Available-for-Sale	$	50,045	$	629	$	501	$	50,173
Securities Held-to-Maturity
Equity Securities (Non-Marketable)
20,989 shares – Federal Home Loan Bank	$	2,099	$	--	$	--	$	2,099
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,349		--		--		2,349
Total Securities Held-to-Maturity	$	2,349	$	--	$	--	$	2,349

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2.Securities (continued)

The amortized cost and fair value of securities by contractual maturity at September 30, 2016 follows:

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(In Thousands)
Debt Securities
Within One Year or Less	$	18	$	18	$	--	$	--
One through Five Years		86		88		--		--
After Five through Ten Years		51		53		--		--
Over Ten Years		46,127		45,950		10,292		10,204
		46,282		46,109		10,292		10,204
Other Equity Securities		--		--		2,546		2,546
Total	$	46,282	$	46,109	$	12,838	$	12,750

There were no sales of available-for-sale securities during the three months ended September 30, 2016.

The following tables show information pertaining to gross unrealized losses on securities available-for-sale at September 30, 2016 and June 30, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	September 30, 2016
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	392	$	14,990	$	343	$	18,123
Marketable Equity Securities		--		--		--		--
Total Securities Available-for-Sale	$	392	$	14,990	$	343	$	18,123

	June 30, 2016
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	147	$	17,852	$	354	$	12,066
Marketable Equity Securities		--		--		--		--
Total Securities Available-for-Sale	$	147	$	17,852	$	354	$	12,066

The Company's investment in equity securities consists primarily of FHLB stock and shares of First National Bankers Bankshares, Inc. ("FNBB").  Management monitors its investment portfolio to determine whether any investment securities which have unrealized losses should be considered other than temporarily impaired.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2.Securities (continued)

At September 30, 2016, securities with a carrying value of $1.1 million were pledged to secure public deposits, and securities and mortgage loans with a carrying value of $187.0 million were pledged to secure FHLB advances.

3.Loans Receivable

Loans receivable are summarized as follows:

	September 30, 2016			June 30, 2016
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	120,767		$	118,035
Commercial		71,883			69,197
Multi-Family Residential		15,472			20,661
Land		26,201			24,308
Construction		9,605			14,442
Equity and Second Mortgage		1,586			1,526
Equity Lines of Credit		17,587			17,290
Total Mortgage Loans		263,101			265,459
Commercial Loans		27,344			27,886
Consumer Loans
Loans on Savings Accounts		409			404
Automobile and Other Consumer Loans		76			86
Total Consumer and Other Loans		485			490
Total Loans		290,930			293,835
Less:   Allowance for Loan Losses		(3,137	)		(2,845	)
Unamortized Loan Fees		(159	)		(163	)
Net Loans Receivable	$	287,634		$	290,827

Following is a summary of changes in the allowance for loan losses:

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
Balance - Beginning of Period	$	2,845		$	2,515
Provision for Loan Losses		300			65
Loan Charge-Offs		(14	)		--
Recoveries		6			33
Balance - End of Period	$	3,137		$	2,613

Credit Quality Indicators

The Company segregates loans into risk categories based on the pertinent information about the ability of borrowers to service their debt such as:  current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors.  The Company analyzes loans individually by classifying the loans according to credit risk.  Loans classified as substandard or identified as special mention are reviewed quarterly by management to evaluate the level of deterioration, improvement, and impairment, if any, as well as assign the appropriate risk category.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

3.Loans Receivable (continued)

Credit Quality Indicators (continued)

Loans excluded from the scope of the quarterly review process above are generally identified as pass credits until:  (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the customer contacts the Company for a modification.  In these circumstances, the loan is specifically evaluated for potential classification and the need to allocate reserves or charge-off.  The Company uses the following definitions for risk ratings:

Special Mention - Loans identified as special mention have a potential weakness that deserves management's close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date.

Substandard - Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loss - This classification includes those loans which are considered uncollectible and of such little value that their continuance as loans is not warranted.  Even though partial recovery may be possible in the future, it is not practical or desirable to defer writing off these basically worthless loans.  Accordingly, these loans are charged-off before period end.

The following tables present the grading of loans, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	Pass		Special Mention		Substandard		Doubtful		Total
					(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	119,669	$	596	$	502	$	--	$	120,767
Commercial		71,619		--		264		--		71,883
Multi-Family Residential		15,472		--		--		--		15,472
Land		25,522		123		556		--		26,201
Construction		9,305		300		--		--		9,605
Equity and Second Mortgage		1,586		--		--		--		1,586
Equity Lines of Credit		17,587		--		--		--		17,587
Commercial Loans		25,354		--		1,990		--		27,344
Consumer Loans		485		--		--		--		485
Total	$	286,599	$	1,019	$	3,312	$	--	$	290,930

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

3.Loans Receivable (continued) Credit Quality Indicators (continued)
June 30, 2016	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	117,881	$	40	$	114	$	--	$	118,035
Commercial		68,899		30		268		--		69,197
Multi-Family Residential		20,661		--		--		--		20,661
Land		23,753		555		--		--		24,308
Construction		14,442		--		--		--		14,442
Equity and Second Mortgage		1,526		--		--		--		1,526
Equity Lines of Credit		17,290		--		--		--		17,290
Commercial Loans		25,896		--		1,990		--		27,886
Consumer Loans		490		--		--		--		490
Total	$	290,838	$	625	$	2,372	$	--	$	293,835

Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when contractually due.  Loans that experience insignificant payment delays or payment shortfalls are generally not classified as impaired.  On a case-by-case basis, management determines the significance of payment delays and payment shortfalls, taking into consideration all of the circumstances related to the loan, including:  the length of the payment delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

The following tables present an aging analysis of past due loans, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment  >90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family      Residential	$	1,440	$	1,679	$	568	$	3,687	$	117,080	$	120,767	$	167
Commercial		--		--		--		--		71,883		71,883		--
Multi-Family Residential		--		--		--		--		15,472		15,472		--
Land		--		--		556		556		25,645		26,201		--
Construction		--		--		--		--		9,605		9,605		--
Equity and Second Mortgage		--		--		--		--		1,586		1,586		--
Equity Lines of Credit		--		--		--		--		17,587		17,587		--
Commercial Loans		2,536		--		--		2,536		24,808		27,344		--
Consumer Loans		--		--		--		--		485		485		--
Total	$	3,976	$	1,679	$	1,124	$	6,779	$	284,151	$	290,930	$	167

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

3.Loans Receivable (continued)

Credit Quality Indicators (continued)

June 30, 2016	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family     Residential	$	2,646	$	1,674	$	114	$	4,434	$	113,601	$	118,035	$	101
Commercial		--		--		--		--		69,197		69,197		--
Multi-Family Residential		--		--		--		--		20,661		20,661		--
Land		--		555		--		555		23,753		24,308		--
Construction		--		--		--		--		14,442		14,442		--
Equity and Second Mortgage		--		--		--		--		1,526		1,526		--
Equity Lines of Credit		78		15		--		93		17,197		17,290		--
Commercial Loans		--		--		--		--		27,886		27,886		--
Consumer Loans		--		--		--		--		490		490		--
Total	$	2,724	$	2,244	$	114	$	5,082	$	288,753	$	293,835	$	101

There was no interest income recognized on non-accrual loans during the three months ended September 30, 2016 or year ended June 30, 2016. If the non-accrual loans had been accruing interest at their original contracted rates, gross interest income that would have been recorded for the three months ended September 30, 2016 and year ended June 30, 2016 was approximately $17,546 and $1,000, respectively.

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the three months ended September 30, 2016 was as follows:

	Real Estate Loans
September 30, 2016	1-4 Family Residential		Commercial		Multi- Family			Land		Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans			Total
								(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,517	$	321	$	111		$	201	$	126		$	117		$	444	$	8		$	2,845
Charge-Offs		--		--		--			--		--			(14	)		--		--			(14	)
Recoveries		6		--		--			--		--			--			--		--			6
Current Provision		226		7		(28	)		11		(42	)		67			67		(8	)		300
Ending Balances	$	1,749	$	328	$	83		$	212	$	84		$	170		$	511	$	--		$	3,137
Evaluated for Impairment:
Individually		--		--		--			--		--			--			--		--			--
Collectively		1,749		328		83			212		84			170			511		--			3,137
Loans Receivable:
Ending Balances – Total	$	120,767	$	71,883	$	15,472		$	26,201	$	9,605		$	19,173		$	27,344	$	485		$	290,930
Ending Balances:
Evaluated for Impairment:
Individually		1,098		264		--			679		300			--			1,990		--			4,331
Collectively	$	119,669	$	71,619	$	15,472		$	25,522	$	9,305		$	19,173		$	25,354	$	485		$	286,599

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

3.Loans Receivable (continued)

Credit Quality Indicators (continued)

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the year ended June 30, 2016 and three months ended September 30, 2015 was as follows:

	Real Estate Loans
June 30, 2016	1-4 Family Residential		Commercial			Multi- Family		Land		Construction			Home Equity Loans And Lines of Credit			Commercial Loans		Consumer Loans		Total
	(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,195	$	415		$	103	$	154	$	146		$	192		$	305	$	5	$	2,515
Charge-Offs		--		--			--		--		--			--			--		--		--
Recoveries		59		--			--		--		--			--			--		--		59
Current Provision		263		(94	)		8		47		(20	)		(75	)		139		3		271
Ending Balances	$	1,517	$	321		$	111	$	201	$	126		$	117		$	444	$	8	$	2,845
Evaluated for Impairment:
Individually		--		--			--		--		--			--			--		--		--
Collectively		1,517		321			111		201		126			117			444		8		2,845
Loans Receivable:
Ending Balances - Total	$	118,035	$	69,197		$	20,661	$	24,308	$	14,442		$	18,816		$	27,886	$	490	$	293,835
Ending Balances:
Evaluated for Impairment:
Individually		154		298			--		555		--			--			1,990		--		2,997
Collectively	$	117,881	$	68,899		$	20,661	$	23,753	$	14,442		$	18,816		$	25,896	$	490	$	290,838

	Real Estate Loans
September 30, 2015	1-4 Family Residential		Commercial		Multi- Family			Land			Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans			Total
								(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,195	$	415	$	103		$	154		$	146		$	192		$	305	$	5		$	2,515
Charge-Offs		--		--		--			--			--			--			--		--			--
Recoveries		33		--		--			--			--			--			--		--			33
Current Provision		129		6		(30	)		(6	)		(29	)		(55	)		51		(1	)		65
Ending Balances	$	1,357	$	421	$	73		$	148		$	117		$	137		$	356	$	4		$	2,613
Evaluated for Impairment:
Individually		--		--		--			--			--			--			--		--			--
Collectively		1,357		421		73			148			117			137			356		4			2,613
Loans Receivable:
Ending Balances - Total	$	106,924	$	60,283	$	15,135		$	19,057		$	17,804		$	23,903		$	28,348	$	310		$	271,764
Ending Balances:
Evaluated for Impairment:
Individually		333		564		--			--			--			--			--		--			897
Collectively	$	106,591	$	59,719	$	15,135		$	19,057		$	17,804		$	23,903		$	28,348	$	310		$	270,867

17

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

3.Loans Receivable (continued)

Credit Quality Indicators (continued)

The following tables present loans individually evaluated for impairment, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	1,098	$	1,098	$	--	$	1,098	$	--	$	1,120
Commercial		264		264		--		264		--		245
Multi-Family Residential		--		--		--		--		--		--
Land		679		679		--		679		--		746
Construction		300		300		--		300		--		302
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		1,990		1,990		--		1,990		--		2,460
Consumer Loans		--		--		--		--		--		--
Total	$	4,331	$	4,331	$	--	$	4,331	$	--	$	4,873

June 30, 2016	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	154	$	154	$	--	$	154	$	--	$	162
Commercial		298		298		--		298		--		274
Multi-Family Residential		--		--		--		--		--		--
Land		555		555		--		555		--		586
Construction		--		--		--		--		--		--
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		1,990		1,990		--		1,990		--		2,460
Consumer Loans		--		--		--		--		--		--
Total	$	2,997	$	2,997	$	--	$	2,997	$	--	$	3,482

The Bank has no commitments to loan additional funds to borrowers whose loans were previously in non-accrual status.

The Bank had $2.0 million of troubled debt restructurings involving nine commercial business loans to one borrower at September 30, 2016 and June 30, 2016.  A summary of the loans that were restructured during the three months ended September 30, 2016 and the year ended June 30, 2016 is as follows (in thousands):

September 30, 2016	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		9	$	1,990	$	1,990
Troubled Debt Restructurings that Subsequently Defaulted		--	$	--	$	--

June 30, 2016	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		9	$	1,990	$	1,990
Troubled Debt Restructurings that Subsequently Defaulted		--	$	--	$	--

18

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

4.Deposits

Deposits at September 30, 2016 and June 30, 2016 consist of the following classifications:

	September 30, 2016		June 30, 2016
	(In Thousands)
Non-Interest Bearing	$	47,446	$	39,280
NOW Accounts		34,817		37,761
Money Markets		47,494		49,251
Passbook Savings		30,252		29,033
		160,009		155,325
Certificates of Deposit		139,316		132,497
Total Deposits	$	299,325	$	287,822

5.Earnings Per Share

Basic earnings per common share are computed based on the weighted average number of shares outstanding.  Diluted earnings per share is computed based on the weighted average number of shares outstanding and common share equivalents that would arise from the exercise of dilutive securities. Earnings per share for the three months ended September 30, 2016 and 2015 were calculated as follows:

	Three Months Ended September 30,
	2016		2015
	(In Thousands, Except Per Share Data)
Net income	$	1,002	$	941
Weighted average shares outstanding - basic		1,813		1,927
Effect of dilutive common stock equivalents		65		64
Adjusted weighted average shares outstanding – diluted		1,878		1,991
Basic earnings per share	$	0.55	$	0.49
Diluted earnings per share	$	0.53	$	0.47

For the three months ended September 30, 2016 and 2015, there were outstanding options to purchase 302,077 and 204,137 shares, respectively, at a weighted average exercise price of $17.79 and $15.07 per share, respectively. For the quarter ended September 30, 2016, 64,931 options, were included in the computation of diluted earnings per share.

The following table presents the components of weighted average outstanding shares for purposes of calculating earnings per share:

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
Average common shares issued		1,964			2,106
Average unearned ESOP shares		(131	)		(143	)
Average unearned RRP shares		(20	)		(36	)
Weighted average shares outstanding		1,813			1,927

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

6.Stock-Based Compensation

Recognition and Retention Plan

On August 10, 2005, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2005 Recognition and Retention Plan and Trust Agreement (the "2005 Recognition Plan") as an incentive to retain personnel of experience and ability in key positions.  The aggregate number of shares of the Company's common stock subject to award under the 2005 Recognition Plan totaled 63,547 shares (as adjusted for the exchange ratio of 0.9110 on December 22, 2010).  As the shares were acquired for the 2005 Recognition Plan, the purchase price of these shares was recorded as a contra equity account.  As the shares are distributed, the contra equity account is reduced.  The 2005 Recognition Plan terminated on June 8, 2015 and the remaining 564 shares vested on August 19, 2015.

On December 23, 2011, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2011 Recognition and Retention Plan and Trust Agreement (the "2011 Recognition Plan", together with the 2005 Recognition  Plan, the  "Recognition  Plan") as  an  incentive  to  retain  personnel  of  experience and ability in key positions.  The aggregate number of shares of the Company's common stock available for award under the 2011 Recognition Plan totaled 77,808 shares, all of which were awarded as of September 30, 2016.

Recognition Plan shares are earned by recipients at a rate of 20% of the aggregate number of shares covered by the Recognition Plan award over five years.  Generally, if the employment of an employee or service as a non-employee director is terminated prior to the fifth anniversary of the date of grant of Recognition Plan share award, the recipient shall forfeit the right to any shares subject to the award that have not been earned.  In the case of death or disability of the recipient or a change in control of the Company, the Recognition Plan awards will be vested and shall be distributed as soon as practicable thereafter.

The cost associated with the 2005 Recognition Plan is based on a share price of $10.93 (as adjusted), which represents the market price of the Company's stock on the date on which the 2005 Recognition Plan shares were granted. The cost associated with the 2011 Recognition Plan is based on share prices of $14.70 and $18.92 on January 31, 2012 and July 31, 2014, respectively, which represents the fair market price of the Company's stock on the dates on which the 2011 Recognition Plan shares were granted. The cost of the Recognition Plan is being recognized over the five year vesting period.  Compensation expense pertaining to the Recognition Plan was $58,000 and $59,000, for the three months ended September 30, 2016 and 2015, respectively.

Stock Option Plan

On August 10, 2005, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2005 Stock Option Plan (the "2005 Option Plan") for the benefit of directors, officers, and other key employees.  The aggregate number of shares of common stock reserved for issuance under the 2005 Option Plan totaled 158,868 (as adjusted for the exchange ratio).  Both incentive stock options and non-qualified stock options may be granted under the 2005 Option Plan.  The 2005 Stock Option Plan terminated on June 8, 2015, however outstanding stock options will remain in effect for the remainder of their original ten year terms.

On December 23, 2011, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2011 Stock Option Plan (the "2011 Option Plan", together with the 2005 Option Plan, the "Option Plans") for the benefit of directors, officers, and other key employees.  The aggregate number of shares of common stock reserved for issuance under the 2011 Option Plan totaled 194,522, all of which were awarded as of September 30, 2016.  Both incentive stock options and non-qualified stock options may be granted under the 2011 Option Plan.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

6.Stock-Based Compensation (continued)

Stock Option Plan (continued)

On August 18, 2005, the Company granted 158,858 options (as adjusted for the conversion) to directors and employees.  Under the Option Plan, the exercise price of each option cannot be less than the fair market value of the underlying common stock as of the date of the option grant, which was $10.82 (as adjusted), and the maximum term is ten years.  As of August 18, 2015, all of the awards were either exercised or forfeited.  On August 19, 2010 and July 31, 2014, the Company granted 21,616 options and 2,133 options, respectively, under the 2005 Option Plan that were previously forfeited (as adjusted for the conversion) at an exercise price of $10.93 and $18.92 per share, respectively.  On January 31, 2012 and July 31, 2014, 165,344 options and 29,178 options, respectively, were granted to directors and employees at an exercise price of $14.70 and $18.92 per share, respectively, under the 2011 Option Plan.  As of September 30, 2016 there were no stock options available for future grant under the 2005 Option Plan or the 2011 Option Plan.

Under the Option Plans, the exercise price of each option cannot be less than the fair market value of the underlying common stock as of the date of the option grant, and the maximum term is ten years. Incentive stock options and non-qualified stock options granted under the Option Plans become vested and exercisable at a rate of 20% per year over five years, commencing one year from the date of the grant, with an additional 20% vesting on each successive anniversary of the date the option was granted.  No vesting shall occur after an employee's employment or service as a director is terminated.  In the event of the death or disability of an employee or director or change in control of the Company, the unvested options shall become vested and exercisable.  The Company accounts for the Option Plans under the guidance of FASB ASC Topic 718, Compensation – Stock Compensation.

Incentive stock options and non-qualified stock options granted under the Option Plan become vested and exercisable at a rate of 20% per year over five years, commencing one year from the date of the grant, with an additional 20% vesting on each successive anniversary of the date the option was granted.  No vesting shall occur after an employee's employment or service as a director is terminated.  In the event of death or disability of an employee or director or change in control of the Company, the unvested options shall become vested and exercisable.  The Company recognizes compensation expense during the vesting period based on the fair value of the option on the date of the grant.  For the three months ended September 30, 2016 and 2015, compensation expense charged to operations was $42,000 and $44,000, respectively.

Stock Incentive Plan

On November 12, 2014, the shareholders of the Company approved the adoption of the Company's 2014 Stock Incentive Plan (the "Stock Incentive Plan") for the benefit of employees and non-employee directors as an incentive to contribute to the success of the Company and reward employees for outstanding performance and the attainment of targeted goals.  The  Stock  Incentive  Plan  covers  a  total  of  150,000  shares, of which no more than 37,500 shares, or 25% of the plan, may be share rewards.  The balance of the plan is reserved for stock option awards which would total 112,500 stock options, assuming all the share awards are issued. All incentive stock options granted under the Stock Incentive Plan are intended to comply with the requirements of Section 422 of the Internal Revenue Code.  On October 26, 2015, the Company granted a total of 34,500 plan share awards and 103,500 stock options to directors, officers, and other key employees vesting ratably over five years. The Stock Incentive Plan cost is recognized over the five year vesting period. For the three months ended September 30, 2016, the Company recognized $66,000 in expenses related to the Stock Incentive Plan.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

7.Related Party Transactions

Certain directors and executive officers were indebted to the Bank in the approximate aggregate amounts of $3.7 million and $3.8 million at September 30, 2016 and June 30, 2016, respectively.

8.Fair Value Disclosures

The following disclosure is made in accordance with the requirements of ASC 825, Financial Instruments.  Financial instruments are defined as cash and contractual rights and obligations that require settlement, directly or indirectly, in cash.  In cases where quoted market prices are not available, fair values have been estimated using the present value of future cash flows or other valuation techniques.  The results of these techniques are highly sensitive to the assumptions used, such as those concerning appropriate discount rates and estimates of future cash flows, which require considerable judgment.  Accordingly, estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current settlement of the underlying financial instruments.

ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements.  These disclosures should not be interpreted as representing an aggregate measure of the underlying value of the Company.

The following methods and assumptions were used by the Company in estimating fair values of financial instruments:

Cash and Cash Equivalents

The carrying amount approximates the fair value of cash and cash equivalents.

Securities to be Held-to-Maturity and Available-for-Sale

Fair values for investment securities, including mortgage-backed securities, are based on quoted market prices, where available.  If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.  The carrying values of restricted or non-marketable equity securities approximate their fair values.  The carrying amount of accrued investment income approximates its fair value.

Mortgage Loans Held-for-Sale

Because these loans are normally disposed of within ninety days of origination, their carrying value closely approximates the fair value of such loans.

Loans Receivable

For variable-rate loans that re-price frequently and with no significant changes in credit risk, fair value approximates the carrying value.  Fair values for other loans are estimated using the discounted value of expected future cash flows. Interest rates used are those being offered currently for loans with similar terms to borrowers of similar credit quality. The carrying amount of accrued interest receivable approximates its fair value.

Deposit Liabilities

The fair values for demand deposit accounts are, by definition, equal to the amount payable on demand at the reporting date, that is, their carrying amounts.  Fair values for other deposit accounts are estimated using the discounted value of expected future cash flows. The discount rate is estimated using the rates currently offered for deposits of similar maturities.

Advances from Federal Home Loan Bank

The carrying amount of short-term borrowings approximates their fair value.  The fair value of long-term debt is estimated using discounted cash flow analyses based on current incremental borrowing rates for similar borrowing arrangements.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

8.     Fair Value Disclosures (continued)

Off-Balance Sheet Credit-Related Instruments

Fair values for outstanding mortgage loan commitments to lend are based on fees currently charged to enter into similar agreements, taking into account the remaining term of the agreements, customer credit quality, and changes in lending rates.

The fair value of interest rate floors and caps contained in some loan servicing agreements and variable rate mortgage loan contracts are considered immaterial within the context of fair value disclosure requirements.  Accordingly, no fair value estimate is provided for these instruments.

The carrying amount and estimated fair values of the Company's financial instruments were as follows:

	September 30, 2016				June 30, 2016
	Carrying		Estimated		Carrying		Estimated
	Value		Fair Value		Value		Fair Value
	(In Thousands)
Financial Assets
Cash and Cash Equivalents	$	6,265	$	6,265	$	4,756	$	4,756
Securities Available-for-Sale		46,109		46,109		50,173		50,173
Securities to be Held-to-Maturity		12,838		12,750		2,349		2,349
Loans Held-for-Sale		14,980		14,980		11,919		11,919
Loans Receivable		287,634		286,298		290,827		290,339
Financial Liabilities
Deposits		299,325		296,739		287,822		285,503
Advances from FHLB		42,301		42,441		47,665		47,802
Off-Balance Sheet Items
Mortgage Loan Commitments		279		279		296		296

The estimated fair values presented above could be materially different than net realizable value and are only indicative of the individual financial instrument's fair value.  Accordingly, these estimates should not be considered an indication of the fair value of the Company taken as a whole.

The Company follows the guidance of FASB ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820").  ASC 820 affirms a framework for measuring fair value and expands disclosures about fair value measurements.  ASC 820 was issued to establish a uniform definition of fair value.  The definition of fair value is market-based as opposed to company-specific, and includes the following:

● Defines fair value as the price that would be received to sell an asset or paid to transfer a liability, in either case, through an orderly transaction between market participants at a measurement date and establishes a framework for measuring fair value;

● Establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date;

● Nullifies the guidance in EITF 02-3, which required the deferral of profit at inception of a transaction involving a derivative financial instrument in the absence of observable data supporting the valuation technique;

● Eliminates large position discounts for financial instruments quoted in active markets and requires consideration of the company's creditworthiness when valuing liabilities; and

● Expands disclosures about instruments that are measured at fair value.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

8.Fair Value Disclosures (continued)

The standard establishes a three-level valuation hierarchy for disclosure of fair value measurements.  The valuation hierarchy favors the transparency of inputs to the valuation of an asset or liability as of the measurement date.  The three levels are defined as follows:

● Level 1 – Fair value is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets in which the Company can participate.

● Level 2 – Fair value is based upon (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active, that is, markets in which there are few transactions for the asset or liability, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly; (c) inputs other than quoted prices that are observable for the asset or liability or (d) inputs that are derived principally from or corroborated by observable market data by correlation or other means.

● Level 3 – Fair value is based uponinputs that are unobservable for the asset or liability.  These inputs reflect the Company's own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk).  These inputs are developed based on the best information available in the circumstances, which include the Company's own data. The Company's own data used to develop unobservable inputs are adjusted if information indicates that market participants would use different assumptions.

A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The preceding methods described may produce a fair value calculation that may not be indicative of the net realizable value or reflective of future fair values.  Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.  There have been no changes in the methodologies used during the year ended September 30, 2016.

Fair values of assets and liabilities measured on a recurring basis at September 30, 2016 and June 30, 2016 are as follows:

	Fair Value Measurements Using:
September 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
	(In Thousands)
Available-for-Sale Debt Securities
FHLMC	$	--	$	9,861	$	--	$	9,861
FNMA		--		25,251		--		25,251
GNMA		--		10,997		--		10,997
Total	$	--	$	46,109	$	--	$	46,109
Held-to-Maturity Debt Securities
FNMA	$	--	$	10,204	$	--	$	10,204

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

8.Fair Value Disclosures (continued)

	Fair Value Measurements Using:
June 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
			(In Thousands)
Available-for-Sale Debt Securities
FHLMC	$	--	$	10,793	$	--	$	10,793
FNMA		--		27,223		--		27,223
GNMA		--		12,157		--		12,157
Total	$	--	$	50,173	$	--	$	50,173

9.Subsequent Events

In accordance with FASB ASC 855, Subsequent Events, the Company evaluates events and transactions that occur after the balance sheet date for potential recognition in the financial statements.  The effect of all subsequent events that provide additional evidence of conditions that existed at the balance sheet date are recognized in the financial statements as of September 30, 2016.  In preparing these financial statements, the Company evaluated the events and transactions that occurred through the date these financial statements were issued.

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

The Company's results of operations are primarily dependent on the results of the Bank, which became a wholly owned subsidiary upon completion of the second-step conversion and reorganization of the Bank on December 22, 2010. The Bank's results of operations depend, to a large extent, on net interest income, which is the difference between the income earned on its loan and investment portfolios and the cost of funds, consisting of the interest paid on deposits and borrowings.  Results of operations are also affected by provisions for loan losses and loan sale activities.  Non-interest expense principally consists of compensation and employee benefits, office occupancy and equipment expense, data processing and other expense.  Our results of operations are also significantly affected by general economic and competitive conditions, particularly changes in interest rates, government policies and actions of regulatory authorities.  Future changes in applicable law, regulations, or government policies may materially impact our financial conditions and results of operations.

Home Federal Bank operates from its main office and an administrative office in Shreveport, Louisiana and five full service branch offices located in Shreveport and Bossier City, Louisiana.  The Company's primary market area is the Shreveport-Bossier City metropolitan area.  The Company offers security brokerage and advisory services through a third party provider at its agency office, which also serves as the office for the commercial lending division and as a loan production office.

Critical Accounting Policies

Allowance for Loan Losses.  The Company has identified the calculation of the allowance for loan losses as a critical accounting policy, due to the higher degree of judgment and complexity than its other significant accounting policies.  Provisions for loan losses are based upon management's periodic valuation and assessment of the overall loan portfolio and the underlying collateral, trends in non-performing loans, current economic conditions, and other relevant factors in order to maintain the allowance for loan losses at a level believed by management to represent all known and inherent losses in the portfolio that are both probable and reasonably estimable.  Although management uses the best information available, the level of the allowance for loan losses remains an estimate which is subject to significant judgment and short-term change.

Income Taxes. Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method.  Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various assets and liabilities and gives current recognition to changes in tax rates and laws.  The realization of our deferred tax assets principally depends upon our achieving projected future taxable income.  We may change our judgments regarding future profitability due to future market conditions and other factors.  We may adjust our deferred tax asset balances, if our judgments change.

Discussion of Financial Condition Changes from June 30, 2016 to September 30, 2016

General

At September 30, 2016, total assets amounted to $389.5 million compared to $381.7 million at June 30, 2016, an increase of approximately $7.8 million, or 2.1%. The increase in assets was comprised primarily of increases in investment securities of $6.4 million, or 12.2%, from $52.5 million at June 30, 2016 to $58.9 million at September 30, 2016, loans held-for-sale of $3.1 million, or 25.7%, from $11.9 million at June 30, 2016 to $15.0 million at September 30, 2016, and an increase in cash and cash equivalents of $1.5 million, or 31.7%, from $4.8 million at June 30, 2016 to $6.3 million at September 30, 2016. These increases were partially offset by a decrease in loans receivable, net of $3.2 million, or 1.1%, from $290.8 million at June 30, 2016 to $287.6 million at September 30, 2016.

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Discussion of Financial Condition Changes from June 30, 2016 to September 30, 2016 (continued)

Cash and Cash Equivalents

Cashand cash equivalents increased $1.5 million, or 31.7%, from $4.8 million at June 30, 2016 to $6.3 million at September 30, 2016. The $1.5 million increase in cash and cash equivalents was due in large part to normal fluctuations in cash balances.

Loans Receivable, Net

Loans receivable, net, decreased by $3.2 million, or 1.1%, to $287.6 million at September 30, 2016 compared to $290.8 million at June 30, 2016.  During the three months ended September 30, 2016, our total loan originations amounted to $82.7 million compared to $56.7 million for the three months ended September 30, 2015.  The decrease in loans receivable, net, was primarily due to decreases in multi-family residential loans of $5.2 million, residential construction loans of $4.8 million, and commercial business loans of $542,000, partially offset by increases in one- to four-family residential loans of $2.7 million, commercial real estate loans of $2.7 million, land loans of $1.9 million, home equity lines of credit of $297,000, and equity and second mortgage loans of $60,000.

Loans Held-for-Sale

Loans held-for-sale increased $3.1 million, or 25.7%, from $11.9 million at June 30, 2016 to $15.0 million at September 30, 2016.  The increase in loans held-for-sale results primarily from an increase at September 30, 2016 in receivables from financial institutions purchasing the Company's loans held-for-sale and an increase in the origination volume during the first quarter of fiscal 2017.

Investment Securities

Investment securities amounted to $58.9 million at September 30, 2016 compared to $52.5 million at June 30, 2016, an increase of $6.4 million, or 12.2%. The increase in investment securities was primarily due to the purchase of mortgage backed securities to be held-to-maturity of $10.5 million, partially offset by principal payments on mortgage-backed securities of $3.8 million. The securities purchased during the quarter ended September 30, 2016 were designated as held-to-maturity in order to maintain liquidity levels.

Premises and Equipment, Net

Premises and equipment, net, decreased $306,000, or 2.5%, to $12.1 million at September 30, 2016 compared to $12.4 million at June 30, 2016, primarily due to the sale of real estate adjacent to the Bank's Viking Drive branch with a cost basis of $313,000.

Asset Quality

At September 30, 2016, the Company had $1.1 million of non-performing assets compared to $114,000 of non-performing assets at June 30, 2016 consisting of four single-family residential loans and one land loan at September 30, 2016 compared to two single family residential loans at June 30, 2016.  We had $3.3 million of loans classified as substandard at September 30, 2016 consisting of three single-family residential loans in the amount of $502,000, one commercial real estate loan in the amount of $264,000, one land loan in the amount of $556,000, and nine commercial business loans to one borrower in the amount of $2.0 million compared to twelve loans in the aggregate amount of $2.4 million classified as substandard at June 30, 2016.  The Company had no loans classified as doubtful at September 30, 2016 orJune 30, 2016.  Subsequent to the quarter ended September 30, 2016, we became aware that the single borrower related to the nine commercial business loans in the aggregate amount of $2.0 million that were classified as substandard filed for Chapter 11 (reorganization) bankruptcy protection in October 2016. After quarter end September 30, 2016, all nine commercial business loans in the aggregate amount of $2.0 million to a single borrower were placed on non-accrual status. These loans were 47 days past due and designated as substandard at quarter-end. We are continuing to monitor these credits and presently believe that our allowance for loan losses at September 30, 2016 is adequate.

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Discussion of Financial Condition Changes from June 30, 2016 to September 30, 2016 (continued)

Total Liabilities

Total liabilities increased $7.3 million, or 2.1%, from $338.3 million at June 30, 2016 to $345.6 million at September 30, 2016, primarily due to an increase in total deposits of $11.5 million, or 4.0%, to $299.3 million at September 30, 2016 compared to $287.8 million at June 30, 2016, partially offset by a decrease in advances from the Federal Home Loan Bank of Dallas of $5.4 million, or 11.3%, to $42.3 million at September 30, 2016 compared to $47.7 million at June 30, 2016.  The increase in deposits was primarily due to an $8.2 million, or 20.8%, increase in non-interest bearing demand deposits from $39.3 million at June 30, 2016 to $47.4 million at September 30, 2016, a $6.8 million, or 5.1%, increase in certificates of deposit from $132.5 million at June 30, 2016 to $139.3 million at September 30, 2016, and a $1.2 million, or 4.2%, increase in savings deposits from $29.0 million at June 30, 2016 to $30.3 million at September 30, 2016, partially offset by a decrease of $2.9 million, or 7.8%, in NOW accounts from $37.8 million at June 30, 2016 to $34.8 million at September 30, 2016, and a decrease of $1.8 million, or 3.6%, in money market deposits from $49.3 million at June 30, 2016 to $47.5 million at September 30, 2016.  At September 30, 2016, the Company had $13.0 million in brokered deposits compared to $8.2 million at June 30, 2016.  We purchased $5.8 million of new brokered deposits in September 2016 to replace some brokered deposits that had matured during the previous 12 months. The brokered certificates of deposit which have maturity dates greater than twelve months are callable by Home Federal Bank after twelve months pursuant to early redemption provisions.

Shareholders' Equity

Shareholders' equity increased $581,000, or 1.3%, to $44.0 million at September 30, 2016 from $43.4 million at June 30, 2016.  The primary reasons for the increase in shareholders' equity from June 30, 2016 were net income of $1.0 million, the vesting of restricted stock awards, stock options and the release of employee stock ownership plan shares totaling $162,000, and proceeds from the issuance of common stock from the exercise of stock options of $39,000.  These increases in shareholders' equity were partially offset by dividends paid totaling $177,000, acquisition of Company stock of $247,000, and a decrease in the Company's accumulated other comprehensive income of $198,000.

The Bank is required to meet minimum capital standards promulgated by the Office of the Comptroller of the Currency ("OCC").  At September 30, 2016, Home Federal Bank's regulatory capital was well in excess of the minimum capital requirements.

Comparison of Operating Results for the Three Month Periods Ended September 30, 2016 and 2015

General

Net income amounted to $1.0 million for the three months ended September 30, 2016 compared to $941,000for the same period in 2015, an increase of $61,000, or 6.5%.  The increase was primarily due to a $279,000, or 8.8%, increase in net interest income, and a $206,000, or 22.6%, increase in non-interest income, partially offset by an increase of $142,000, or 5.4%, in non-interest expense, a $235,000, or 361.5%, increase in provision for loan losses, and a $47,000, or 10.4%, increase in the provision for income tax expense for the 2016 period compared to the same period in 2015.

The increase in net interest income for the three months ended September 30, 2016 was primarily due to an increase in total interest income, in addition to a decrease in the Company's cost of funds for the three months ended September 30, 2016 compared to the prior year period.  The increase in non-interest expense was primarily due to increases in compensation and benefit expense, occupancy and equipment expense, data processing expense, loan and collection expense, legal fees, and advertising, partially offset by a decrease in deposit insurance premiums.

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Comparison of Operating Results for the Three Month Periods Ended September 30, 2016 and 2015 (continued)

Net Interest Income

Net interest income for the three months ended September 30, 2016 was $3.5 million, an increase of $279,000, or 8.8%, in comparison to $3.2 million for the three months ended September 30, 2015.  This increase was primarily due to an increase of $250,000, or 6.5%, in total interest income, and a decrease of $29,000, or 4.3%, in the Company's cost of funds. The cost of funds from Federal Home Loan Bank borrowings increased $33,000, or 53.2%, compared to the prior year three month period while interest paid on deposits decreased $65,000, or 10.7%, compared to the prior year three month period. Interest paid on other borrowings increased $3,000 compared to the prior year three month period.

The Company's average interest rate spread was 3.60% for the three months ended September 30, 2016 compared to 3.45% for the three months ended September 30, 2015.  The Company's net interest margin was 3.78% for the three months ended September 30, 2016 compared to 3.65% for the three months ended September 30, 2015.  The increases in net interest margin and average interest rate spread for the three month period are attributable primarily to a higher volume of average interest-earning assets and an increase of six basis points in the weighted-average yield on interest-earning assets.

Provision for Losses on Loans

Based on an analysis of historical experience, the volume and type of lending conducted by Home Federal Bank, the status of past due principal and interest payments, general economic conditions, particularly as such conditions relate to our market area, and other factors related to the collectability of Home Federal Bank's loan portfolio, a provision for loan losses of $300,000 was made during the three months ended September 30, 2016 compared to a $65,000 provision made during the three months ended September 30, 2015. The allowance for loan losses was $3.1 million, or 1.08% of total loans receivable, at September 30, 2016 compared to $2.6 million, or 0.96% of total loans receivable, at September 30, 2015.  At September 30, 2016, Home Federal Bank had fivenon-performing loans in the aggregate amount of $1.1 million and noother non-performing assets. At June 30, 2016, Home Federal had two non-performing loans in the amount of $114,000. There can be no assurance that the loan loss allowance will be sufficient to cover losses on non-performing assets in the future. At both September 30, 2016 and June 30, 2016, the Bank had troubled debt restructurings involving nine commercial loan contracts to one borrower with a recorded investment of approximately $2.0 million.

Non-interest Income

Total non-interest income amounted to $1.1 million for the three months ended September 30, 2016, an increase of $206,000, or 22.6%, compared to $912,000 for the same period in 2015.  The increase was due to increases of $110,000 in gain on sale of real estate, $73,000 in gain on sale of loans, and $29,000 in service charges on deposit accounts, partially offset by decreases of $3,000 in both other non-interest income and income on bank owned life insurance compared to the same period in 2015.

Non-interest Expense

Total non-interest expense increased $142,000, or 5.4%, for the three months ended September 30, 2016 compared to the prior year period.  The increase in non-interest expense was primarily due to increases of $68,000 in occupancy and equipment expense, $25,000 in data processing expense, $16,000 in loan and collection expense, $15,000 in legal fees expense, $14,000 in compensation and benefits expense, $11,000 in advertising expense, $4,000 in franchise and bank shares expense, $2,000 in audit and examination fees, and $2,000 in other non-interest expense. The increases were partially offset by a decrease of $15,000 in deposit insurance premiums.

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Comparison of Operating Results for the Three Month Periods Ended September 30, 2016 and 2015 (continued)

The increase in occupancy and equipment expense was primarily due to our new branch location in North Shreveport that opened in May 2016. The increases in compensation and benefits expense were a result of normal compensation and benefits increases, including stock option and recognition and retention plan expense, and the hiring of additional commercial and residential loan officers.  The aggregate compensation expense recognized by the Company for its Stock Option, Share Award, ESOP, and Recognition and Retention Plans amounted to $230,000 for the three months ended September 30, 2016 compared to $165,000 for the three months ended September 30, 2015.

The Louisiana bank shares tax is assessed on the Bank's equity and earnings.  For the three months ended September 30, 2016, the Company recognized franchise and bank shares tax expense of $95,000 compared to $91,000 for the same period in 2015.

Income Taxes

Income taxes amounted to $498,000 for the three months ended September 30, 2016 resulting in an effective tax rate of 33.2%. Income taxes amounted to $451,000 for the three months ended September 30, 2015 resulting in an effective tax rate of 32.4%.  The increase in the effective income tax rate for the three months ended September 30, 2016, compared to the prior year period, is primarily the result of the effect of non-taxable income resulting in a 0.08% increase in rate for the three months ended September 30, 2016.

Average Balances, Net Interest Income, Yields Earned and Rates Paid.  The following table shows for the periods indicated the total dollar amount of interest from average interest-earning assets and the resulting yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates, and the net interest margin. Tax-exempt income and yields have not been adjusted to a tax-equivalent basis. All average balances are based on monthly balances. Management does not believe that the monthly averages differ significantly from what the daily averages would be. 

	Three Months Ended September 30,
	2016							2015
	Average Balance		Interest		Average Yield/ Rate			Average Balance		Interest		Average Yield/ Rate
	(Dollars In Thousands)
Interest-earning assets:
Investment securities	$	57,052	$	197		1.38	%	$	43,970	$	201		1.82	%
Loans receivable		306,546		3,894		5.08			284,158		3,636		5.12
Interest-earning deposits		2,663		4		0.64			20,346		8		0.17
Total interest-earning assets		366,261		4,095		4.47			348,474		3,845		4.41
Non-interest-earning assets		24,811							23,154
Total assets	$	391,072						$	371,628
Interest-bearing liabilities:
Savings accounts		29,547		32		0.43			20,169		17		0.35
NOW accounts		36,181		50		0.56			35,172		77		0.87
Money market accounts		47,909		38		0.32			47,701		38		0.32
Certificate accounts		134,340		420		1.25			145,756		473		1.30
Total deposits		247,977		540		0.87			248,798		605		0.97
Other Borrowings		400		3		3.33			--		--		--
FHLB advances		45,856		95		0.83			30,371		62		0.82
Total interest-bearing liabilities		294,233		638		0.87	%		279,169		667		0.96	%
Non-interest-bearing liabilities:
Non-interest bearing demand accounts		46,736							44,087
Other liabilities		3,394							2,520
Total liabilities		344,363							325,776
Total Stockholders' Equity(1)		46,709							45,852
Total liabilities and equity	$	391,072						$	371,628
Net interest-earning assets	$	72,028						$	69,305
Net interest income; average interest rate spread(2)			$	3,457		3.60	%			$	3,178		3.45	%
Net interest margin(3)						3.78	%						3.65	%
Average interest-earning assets to average  interest-bearing liabilities						124.48	%						124.83	%

__________________

(1) Includes retained earnings and accumulated other comprehensive loss.

(2) Interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted-average rate on interest-bearing liabilities.

(3) Net interest margin is net interest income divided by net average interest-earning assets.

30

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three Month Periods Ended September 30, 2016 and 2015 (continued)

Liquidity and Capital Resources

Home Federal Bank maintains levels of liquid assets deemed adequate by management.  The Bank adjusts its liquidity levels to fund deposit outflows, repay its borrowings, and to fund loan commitments.  Home Federal Bank also adjusts liquidity as appropriate to meet asset and liability management objectives.

Home Federal Bank's primary sources of funds are deposits, amortization and prepayment of loans and mortgage-backed securities, maturities of investment securities and other short-term investments, loan sales and earnings and funds provided from operations.  While scheduled principal repayments on loans and mortgage-backed securities are a relatively predictable source of funds, deposit flows and loan prepayments are greatly influenced by general interest rates, economic conditions, and competition.  The Bank sets the interest rates on its deposits to maintain a desired level of total deposits.  In addition, Home Federal Bank invests excess funds in short-term interest-earning accounts and other assets which provide liquidity to meet lending requirements.  Home Federal Bank's deposit accounts with the Federal Home Loan Bank of Dallas amounted to $82,000 at September 30, 2016.

A significant portion of Home Federal Bank's liquidity consists of securities classified as available-for-sale and cash and cash equivalents.   Home Federal Bank's primary sources of cash are net income, principal repayments on loans and mortgage-backed securities, and increases in deposit accounts.  If Home Federal Bank requires funds beyond its ability to generate them internally, borrowing agreements exist with the Federal Home Loan Bank of Dallas which provides an additional source of funds.  At September 30, 2016, Home Federal Bank had $42.3 million in advances from the Federal Home Loan Bank of Dallas and had $121.9 million in additional borrowing capacity.  Additionally, at September 30, 2016, Home Federal Bank was a party to a Master Purchase Agreement with First National Bankers Bank whereby Home Federal Bank may purchase Federal Funds from First National Bankers Bank in an amount not to exceed $15.5 million. There were no amounts purchased under this agreement as of September 30, 2016.

At September 30, 2016, Home Federal Bank had outstanding loan commitments of $27.9 million to originate loans.  At September 30, 2016, certificates of deposit scheduled to mature in less than one year totaled $53.9 million.Based on prior experience, management believes that a significant portion of such deposits will remain with us, although there can be no assurance that this will be the case. In addition, the cost of such deposits could be significantly higher upon renewal in a rising interest rate environment.  Home Federal Bank intends to utilize its high levels of liquidity to fund its lending activities.  If additional funds are required to fund lending activities, Home Federal Bank intends to sell its securities classified as available-for-sale as needed.

At September 30, 2016, Home Federal Bank exceeded each of its regulatory capital requirements with tangible, common equity Tier 1, core, and risk-based capital ratios of 11.51%, 17.18%, 11.51%, and 18.40%, respectively.

Off-Balance Sheet Arrangements

At September 30, 2016, the Company did not have any off-balance sheet arrangements as defined by Securities and Exchange Commission rules.

Impact of Inflation and Changing Prices

The financial statements and related financial data presented herein have been prepared in accordance with instructions to Form 10-Q which require the measurement of financial position and operating results in terms of historical dollars without considering changes in relative purchasing power over time due to inflation.

Unlike most industrial companies, virtually all of the Company's assets and liabilities are monetary in nature.  As a result, interest rates generally have a more significant impact on a financial institution's performance than does the effect of inflation.

31

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Forward-Looking Statements

This Form 10-Q contains certain forward-looking statements and information relating to the Company that are based on the beliefs of management, as well as assumptions made by and information currently available to management.  In addition, in those and other portions of this document the words "anticipate," "believe," "estimate," "except," "intend," "should" and similar expressions, or the negative thereof, as they relate to the Company or the Company's management, are intended to identify forward-looking statements.  Such statements reflect the current views of the Company with respect to future looking events and are subject to certain risks, uncertainties, and assumptions.  Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary from those described herein as anticipated, believed, estimated, expected, or intended.  The Company does not intend to update these forward-looking statements.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4.CONTROLS AND PROCEDURES

Evaluation of Disclosures Controls and Procedures.  Under the supervision and with the participation of our management including our President and Chief Executive Officer (principal executive officer) and our Chief Financial Officer (principal financial officer), we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this report. Based upon that evaluation, the President and Chief Executive Officer and the Chief Financial Officer have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures are effective to ensure that information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized, and reported within the applicable time periods specified by the Securities and Exchange Commission's rules and forms.

Changes in Internal Control over Financial Reporting.  There has been no change in the Company's internal control over financial reporting during the Company's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II

ITEM 1.LEGAL PROCEEDINGS

The Company is not involved in any pending legal proceedings other than routine legal proceedings occurring in the ordinary course of business which involve amounts in the aggregate believed by management to be immaterial to the financial condition of the Company.

ITEM 1A.RISK FACTORS

Not applicable.

32

HOME FEDERAL BANCORP, INC. OF LOUISIANA

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a) Not applicable.

(b) Not applicable.

(c) Purchases of Equity Securities

The Company's repurchases of its common stock made during the quarter ended September 30, 2016 are set forth in the table below, including stock-for-stock option exercises:

Period	Total Number of Shares Purchased		Average Price Paid  per Share		Total Number of  Shares Purchased as  Part of Publicly Announced Plans or Programs		Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (a)
July 1, 2016 – July 31, 2016		4,148	$	21.84		4,148		27,663
August 1, 2016 – August 31, 2016		3,444		22.94		2,506		25,157
September 1, 2016 –September 30, 2016		3,344		23.37		3,344		21,813
Total		10,936	$	22.63		9,998		21,813

______________

Notes to this table:

(a) On December 9, 2015, the Company announced by press release a repurchase program to repurchase up to 102,000 shares or approximately 5.0% of the Company's outstanding shares of common stock. The repurchase program does not have an expiration date.

ITEM 3.DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5.OTHER INFORMATION

Not applicable.

ITEM 6.EXHIBITS

No.		Description
31.1		Rule 13a-14(a)/15d-14(a) Certification of Co-Principal Executive Officer
31.2		Rule 13a-14(a)/15d-14(a) Certification of Co-Principal Executive Officer
31.3		Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
32.0		Certification Pursuant to 18 U.S.C Section 1350
	101.INS	XBRL Instance Document
	101.SCH	XBRL Taxonomy Extension Schema Document
	101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
	101.LAB	XBRL Taxonomy Extension Label Linkbase Document
	101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
	101.DEF	XBRL Taxonomy Extension Definitions Linkbase Document

33

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	HOME FEDERAL BANCORP, INC. OF LOUISIANA
Date:   November 10, 2016	By:	/s/Glen W. Brown
		Glen W. Brown
		Senior Vice President and Chief Financial Officer
		(Duly authorized officer and principal financial and accounting officer)

EX-31.1

EXHIBIT 31.1

CERTIFICATIONS

I, James R. Barlow, President and Chief Executive Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Home Federal Bancorp, Inc. of Louisiana;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 10, 2016

/s/James R. Barlow

James R. Barlow

President and Chief Executive Officer

(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATIONS

I, Glen W. Brown, Senior Vice President and Chief Financial Officer, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Home Federal Bancorp, Inc. of Louisiana;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

	/s/Glen W. Brown
Date:  November 10, 2016	Glen W. Brown
	Senior Vice President and Chief Financial Officer
	(Principal Financial and Accounting Officer)

EX-32.0

EXHIBIT 32.0

SECTION 1350 CERTIFICATIONS

The undersigned executive officers of Home Federal Bancorp, Inc. of Louisiana (the "Registrant") hereby certify that the Registrant's Form 10-Q for the quarter ended September 30, 2016 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained therein fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date:    November 10, 2016	/s/James R. Barlow
	James R. Barlow
	President and Chief Executive Officer
	(Principal Executive Officer)

Date:    November 10, 2016	/s/Glen W. Brown
	Glen W. Brown
	Senior Vice President and Chief Financial Officer
	(Principal Financial and Accounting Officer)

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act has been provided to Home Federal Bancorp, Inc. of Louisiana and will be retained by Home Federal Bancorp, Inc. of Louisiana and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Nov. 09, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Home Federal Bancorp, Inc. of Louisiana
Entity Central Index Key	0001500375
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,966,084
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
ASSETS
Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $2,463 and $2,529 for September 30, 2016 and June 30, 2016, Respectively)	$ 6,265	$ 4,756
Securities Available-for-Sale	46,109	50,173
Securities Held-to-Maturity (Fair Value of $12,750 and $2,349, Respectively)	12,838	2,349
Loans Held-for-Sale	14,980	11,919
Loans Receivable, Net of Allowance for Loan Losses of $3,137 and $2,845, Respectively	287,634	290,827
Accrued Interest Receivable	1,011	1,024
Premises and Equipment, Net	12,060	12,366
Bank Owned Life Insurance	6,560	6,523
Deferred Tax Asset	1,210	984
Other Assets	875	780
Total Assets	389,542	381,701
LIABILITIES
Deposits	299,325	287,822
Advances from Borrowers for Taxes and Insurance	898	716
Advances from Federal Home Loan Bank of Dallas	42,301	47,665
Other Bank Borrowings	400	400
Other Accrued Expenses and Liabilities	2,645	1,706
Total Liabilities	345,569	338,309
STOCKHOLDERS' EQUITY
Preferred Stock - $.01 Par Value; 10,000,000 Shares Authorized; None Issued and Outstanding	0	0
Common Stock - $.01 Par Value; 40,000,000 Shares Authorized; 1,959,419 and 1,967,955 Shares Issued and Outstanding at September 30, 2016 and June 30, 2016, Respectively	23	23
Additional Paid-in Capital	34,011	33,863
Unearned ESOP Stock	(1,302)	(1,331)
Unearned RRP Trust Stock	(241)	(265)
Retained Earnings	11,596	11,018
Accumulated Other Comprehensive Income	(114)	84
Total Stockholders' Equity	43,973	43,392
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 389,542	$ 381,701

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
ASSETS
Interest-Bearing Deposits with Other Banks	$ 2,463	$ 2,529
Securities Held-to-Maturity, Fair Value	12,750	2,349
Loans Receivable, Allowance for Loan Losses	$ 3,137	$ 2,845
STOCKHOLDERS' EQUITY
Preferred Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Authorized (in shares)	10,000,000	10,000,000
Preferred Stock, Issued (in shares)	0	0
Preferred Stock, Outstanding (in shares)	0	0
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Authorized (in shares)	40,000,000	40,000,000
Common Stock, Issued (in shares)	1,959,419	1,967,955
Common Stock, Outstanding (in shares)	1,959,419	1,967,955

XML

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
INTEREST INCOME
Loans, Including Fees	$ 3,894	$ 3,636
Investment Securities	5	6
Mortgage-Backed Securities	192	195
Other Interest-Earning Assets	4	8
Total Interest Income	4,095	3,845
INTEREST EXPENSE
Deposits	540	605
Other Borrowings	3	0
Federal Home Loan Bank Borrowings	95	62
Total Interest Expense	638	667
Net Interest Income	3,457	3,178
PROVISION FOR LOAN LOSSES	300	65
Net Interest Income after Provision for Loan Losses	3,157	3,113
NON-INTEREST INCOME
Gain on Sale of Real Estate	110	0
Gain on Sale of Loans	798	725
Income on Bank Owned Life Insurance	37	40
Service Charges on deposit accounts	163	134
Other Income	10	13
Total Non-Interest Income	1,118	912
NON-INTEREST EXPENSE
Compensation and Benefits	1,722	1,708
Occupancy and Equipment	307	239
Data Processing	155	130
Audit and Examination Fees	52	50
Franchise and Bank Shares Tax	95	91
Advertising	72	61
Legal Fees	81	66
Loan and Collection	99	83
Deposit Insurance Premium	45	60
Other Expense	147	145
Total Non-Interest Expense	2,775	2,633
Income Before Income Taxes	1,500	1,392
PROVISION FOR INCOME TAX EXPENSE	498	451
Net Income	$ 1,002	$ 941
EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 0.55	$ 0.49
Diluted (in dollars per share)	0.53	0.47
DIVIDENDS DECLARED (in dollars per share)	$ 0.09	$ 0.08

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net Income	$ 1,002	$ 941
Other Comprehensive Loss, Net of Tax
Unrealized Holding Loss on Securities Available-for-Sale, Net of Tax of $103 in 2016 and $26 in 2015	(198)	(50)
Total Comprehensive Income	$ 804	$ 891

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Unrealized Holding Loss on Securities Available-for-Sale, Tax	$ (103)	$ (26)

XML

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Unearned ESOP Stock [Member]	Unearned RRP Trust Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Beginning Balance at Jun. 30, 2015	$ 25	$ 33,375	$ (1,445)	$ (333)	$ 11,664	$ 100	$ 43,386
Net Income	0	0	0	0	941	0	941
Changes in Unrealized Gain on Securities Available-for-Sale, Net of Tax Effects	0	0	0	0	0	(50)	(50)
RRP Shares Earned	0	0	0	55	0	0	55
Stock Options Vested	0	44	0	0	0	0	44
Common Stock Issuance for Stock Option Exercises	0	50	0	0	0	0	50
ESOP Compensation Earned	0	33	28	0	0	0	61
Company Stock Purchased	0	0	0	0	(299)	0	(299)
Dividends Declared	0	0	0	0	(169)	0	(169)
Ending Balance at Sep. 30, 2015	25	33,502	(1,417)	(278)	12,137	50	44,019
Beginning Balance at Jun. 30, 2016	23	33,863	(1,331)	(265)	11,018	84	43,392
Net Income	0	0	0	0	1,002	0	1,002
Changes in Unrealized Gain on Securities Available-for-Sale, Net of Tax Effects	0	0	0	0	0	(198)	(198)
RRP Shares Earned	0	0	0	24	0	0	24
Stock Options Vested	0	73	0	0	0	0	73
Common Stock Issuance for Stock Option Exercises	0	39	0	0	0	0	39
ESOP Compensation Earned	0	36	29	0	0	0	65
Company Stock Purchased	0	0	0	0	(247)	0	(247)
Dividends Declared	0	0	0	0	(177)	0	(177)
Ending Balance at Sep. 30, 2016	$ 23	$ 34,011	$ (1,302)	$ (241)	$ 11,596	$ (114)	$ 43,973

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 1,002	$ 941
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities
Gain on Sale of Real Estate	(110)	0
Bad Debt Recovery	6	33
Net Amortization and Accretion on Securities	5	6
Gain on Sale of Loans	(798)	(725)
Amortization of Deferred Loan Fees	(20)	(20)
Depreciation of Premises and Equipment	132	98
ESOP Expense	65	61
Stock Option Expense	73	44
Recognition and Retention Plan Expense	58	59
Deferred Income Tax	(124)	(39)
Provision for Loan Losses	300	65
Increase in Cash Surrender Value on Bank Owned Life Insurance	(37)	(40)
Share Awards Expense	34	0
Changes in Assets and Liabilities:
Loans Held-for-Sale - Originations and Purchases	(31,710)	(27,007)
Loans Held-for-Sale - Sale and Principal Repayments	29,448	30,986
Accrued Interest Receivable	12	(22)
Other Operating Assets	(93)	73
Other Operating Liabilities	871	532
Net Cash (Used In) Provided by Operating Activities	(886)	5,045
CASH FLOWS FROM INVESTING ACTIVITIES
Loan Originations and Purchases, Net of Principal Collections	2,890	(635)
Deferred Loan Fees Collected	16	1
Acquisition of Premises and Equipment	(140)	(1,284)
Proceeds From Sale of Real Estate	423	0
Activity in Available-for-Sale Securities:
Principal Payments on Mortgage-Backed Securities	3,759	3,255
Activity in Held-to-Maturity Securities:
Redemption Proceeds	0	509
Purchases of Securities	(10,489)	(2)
Net Cash (Used in) Provided by Investing Activities	(3,541)	1,844
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	11,502	7,037
Proceeds from Federal Home Loan Bank Advances	431,600	44,000
Repayments of Advances from Federal Home Loan Bank	(436,963)	(56,060)
Net Increase in Advances from Borrowers for Taxes and Insurance	182	166
Dividends Paid	(177)	(169)
Company Stock Purchased	(247)	(299)
Proceeds from Stock Options Exercised	39	50
Net Cash Provided by (Used in) Financing Activities	5,936	(5,275)
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,509	1,614
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	4,756	21,166
CASH AND CASH EQUIVALENTS - END OF PERIOD	6,265	22,780
SUPPLEMENTARY CASH FLOW INFORMATION
Interest Paid on Deposits and Borrowed Funds	625	665
Income Taxes Paid	1	1
Market Value Adjustment for Loss on Securities Available-for-Sale	$ (301)	$ (75)

XML

Summary of Accounting Policies

3 Months Ended

Sep. 30, 2016

Summary of Accounting Policies [Abstract]

Summary of Accounting Policies

1.          Summary of Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of Home Federal Bancorp, Inc. of Louisiana (the “Company”) and its subsidiary, Home Federal Bank (“Home Federal Bank” or the “Bank”).  These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended September 30, 2016, are not necessarily indicative of the results which may be expected for the fiscal year ending June 30, 2017.

The Company follows accounting standards set by the Financial Accounting Standards Board (the “FASB”). The FASB sets generally accepted accounting principles (“GAAP”) that we follow to ensure we consistently report our financial condition, results of operations and cash flows.  References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification (the “Codification” or the “ASC”).

In accordance with the subsequent events topic of the ASC, the Company evaluates events and transactions that occur after the balance sheet date for potential recognition in the financial statements.  The effect of all subsequent events that provide additional evidence of conditions that existed at the balance sheet date are recognized in the financial statements as of September 30, 2016.  In preparing these financial statements, the Company evaluated the events and transactions that occurred through the date these financial statements were issued.

Use of Estimates

In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  Material estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan losses.

Nature of Operations

Home Federal Bancorp, Inc. of Louisiana, a Louisiana corporation, is the fully public stock holding company for Home Federal Bank located in Shreveport, Louisiana.  The Bank is a federally chartered, stock savings and loan association and is subject to federal regulation by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.  The Company is a savings and loan holding company regulated by the Board of Governors of the Federal Reserve System. Services are provided to the Bank’s customers by six full-service banking offices and one administrative office, located in Caddo and Bossier Parishes, Louisiana.  The area served by the Bank is primarily the Shreveport-Bossier City metropolitan area; however, loan and deposit customers are found dispersed in a wider geographical area covering much of northwest Louisiana. As of September 30, 2015, the Bank had one wholly-owned subsidiary, Metro Financial Services, Inc., which previously engaged in the sale of annuity contracts and does not currently engage in a meaningful amount of business.

Cash and Cash Equivalents

For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, balances due from banks, and federal funds sold, all of which mature within ninety days.

Securities

The Company classifies its debt and equity investment securities into one of three categories:  held-to-maturity, available-for-sale, or trading.  Investments in nonmarketable equity securities and debt securities, in which the Company has the positive intent and ability to hold to maturity, are classified as held-to-maturity and carried at amortized cost.  Investments in debt securities that are not classified as held-to-maturity and marketable equity securities that have readily determinable fair values are classified as either trading or available-for-sale securities.  Securities that are acquired and held principally for the purpose of selling in the near term are classified as trading securities.  Investments in securities not classified as trading or held-to-maturity are classified as available-for-sale.

Trading account and available-for-sale securities are carried at fair value.  Unrealized holding gains and losses on trading securities are included in earnings while net unrealized holding gains and losses on available-for-sale securities are excluded from earnings and reported in other comprehensive income.  Purchase premiums and discounts are recognized in interest income using the interest method over the term of the securities.  Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses.  In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.  Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method.

Loans Held-for-Sale

Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate.  Net unrealized losses, if any, are recognized through a valuation allowance by charges to income.

Loans

Loans receivable are stated at unpaid principal balances, less allowances for loan losses and unamortized deferred loan fees.  Net nonrefundable fees (loan origination fees, commitment fees, discount points) and costs associated with lending activities are being deferred and subsequently amortized into income as an adjustment of yield on the related interest earning assets using the interest method.  Interest income on contractual loans receivable is recognized on the accrual method.  Unearned discount on property improvement and automobile loans is deferred and amortized on the interest method over the life of the loan.

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings.  Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed.  Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of the underlying collateral and prevailing economic conditions.  The evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

A loan is considered impaired when, based on current information or events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement.  When a loan is impaired, the measurement of such impairment is based upon the present value of expected future cash flows or the fair value of the collateral of the loan.  If the present value of expected future cash flows or fair value of the collateral is less than the recorded investment in the loan, the Bank will recognize the impairment by creating a valuation allowance with a corresponding charge against earnings.

An allowance is also established for uncollectible interest on loans classified as substandard.  The allowance is established by a charge to interest income equal to all interest previously accrued and income is subsequently recognized only to the extent that cash payments are received.  When, in management’s judgment, the borrower’s ability to make periodic interest and principal payments is back to normal, the loan is returned to accrual status.

It should be understood that estimates of future loan losses involve an exercise of judgment.  While it is possible that in particular periods the Company may sustain losses which are substantial relative to the allowance for loan losses, it is the judgment of management that the allowance for loan losses reflected in the accompanying statements of condition is adequate to absorb possible losses in the existing loan portfolio.

Off-Balance Sheet Credit Related Financial Instruments

In the ordinary course of business, the Bank has entered into commitments to extend credit.  Such financial instruments are recorded when they are funded.

Foreclosed Assets

Assets acquired through, or in lieu of, loan foreclosure are held-for-sale and are transferred to other real estate owned at the lower of cost or current fair value minus estimated cost to sell as of the date of foreclosure.  Cost is defined as the lower of the fair value of the property or the recorded investment in the loan.  Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell.

Premises and Equipment

Land is carried at cost.  Buildings and equipment are carried at cost less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets.

Income Taxes

The Company and its wholly-owned subsidiary file a consolidated Federal income tax return on a fiscal year basis.  Each entity pays its pro-rata share of income taxes in accordance with a written tax-sharing agreement.

The Company accounts for income taxes on the asset and liability method.  Deferred tax assets and liabilities are recorded based on the difference between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, computed using enacted tax rates.  A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years.  Although realization is not assured, management believes it is more likely than not that all of the deferred tax assets will be realized.  Current taxes are measured by applying the provisions of enacted tax laws to taxable income to determine the amount of taxes receivable or payable.

While the Bank is exempt from Louisiana income tax, it is subject to the Louisiana Ad Valorem Tax, commonly referred to as the Louisiana Shares Tax, which is based on stockholders’ equity and net income.

Comprehensive Income

Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income.  Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the Consolidated Statements of Financial Condition, such items, along with net income, are components of comprehensive income.

Stockholders’ Equity

On January 1, 2015, the Louisiana Business Corporation Act (the Act) became effective.  Under the provisions of the Act, there is no concept of “Treasury Shares”.  Rather, shares purchased by the Company constitute authorized but unissued shares.  Under Accounting Standards Codification (ASC) 505-30, Treasury Stock, accounting for treasury stock shall conform to state law.  Accordingly, the Company’s Consolidated Statements of Financial Condition as of June 30, 2016 and September 30, 2016 reflect this change.  The cost of shares purchased by the Company has been allocated to Common Stock and Retained Earnings balances.

Recent Accounting Pronouncements

In August 2014, the FASB issued ASU 2014-13, Consolidation (Topic 810):  Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity.  The amendments of ASU 2014-13 allow for a reporting entity that consolidates a collateralized financing entity within the scope of the guidance to elect to measure the financial assets and the financial liabilities of that collateralized financing entity using the measurement alternative.  Under the measurement alternative, the reporting entity should measure both the financial assets and the financial liabilities of that collateralized financing entity in its consolidated financial statements using the more observable of the fair value of the financial assets and the fair value of the financial liabilities.   The amendments are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015.   The adoption of this guidance is not expected to have a material effect on the Company’s financial statements.

In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40).  The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met:  (1) the loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, and (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed.  Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor.  The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014.  This Update did not have a significant impact on the Company’s financial statements.

In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20):  Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.   The amendments of ASU 2015-01 eliminate from Generally Accepted Accounting Principles the concept of extraordinary items.  The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015.

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Securities

3 Months Ended

Sep. 30, 2016

Securities [Abstract]

Securities

2.          Securities

The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:

	September 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	10,229	$	9	$	377	$	9,861
FNMA Mortgage-Backed Certificates		24,748		549		46		25,251
GNMA Mortgage-Backed Certificates		11,305		4		312		10,997
Total Debt Securities		46,282		562		735		46,109
Total Securities Available-for-Sale	$	46,282	$	562	$	735	$	46,109
Securities Held-to-Maturity
Debt Securities
FNMA Mortgage-Backed Certificates	$	10,292	$	--	$	88	$	10,204
Equity Securities (Non-Marketable)
22,956Shares – Federal Home Loan Bank		2,296		--		--		2,296
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,546		--		--		2,546
Total Securities Held-to-Maturity	$	12,838	$	--	$	88	$	12,750

	June 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	10,928	$	12	$	147	$	10,793
FNMA Mortgage-Backed Certificates		26,610		613		--		27,223
GNMA Mortgage-Backed Certificates		12,507		4		354		12,157
Total Debt Securities		50,045		629		501		50,173
Total Securities Available-for-Sale	$	50,045	$	629	$	501	$	50,173
Securities Held-to-Maturity
Equity Securities (Non-Marketable)
20,989 shares – Federal Home Loan Bank	$	2,099	$	--	$	--	$	2,099
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,349		--		--		2,349
Total Securities Held-to-Maturity	$	2,349	$	--	$	--	$	2,349

The amortized cost and fair value of securities by contractual maturity at September 30, 2016, follows:

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(In Thousands)
Debt Securities
Within One Year or Less	$	18	$	18	$	--	$	--
One through Five Years		86		88		--		--
After Five through Ten Years		51		53		--		--
Over Ten Years		46,127		45,950		10,292		10,204
		46,282		46,109		10,292		10,204
Other Equity Securities		--		--		2,546		2,546
Total	$	46,282	$	46,109	$	12,838	$	12,750

There were no sales of available-for-sale securities during the three months ended September 30, 2016.

The following tables show information pertaining to gross unrealized losses on securities available-for-sale at September 30, 2016 and June 30, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	September 30, 2016
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	392	$	14,990	$	343	$	18,123
Marketable Equity Securities		--		--		--		--
Total Securities Available-for-Sale	$	392	$	14,990	$	343	$	18,123

	June 30, 2016
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	147	$	17,852	$	354	$	12,066
Marketable Equity Securities		--		--		--		--
Total Securities Available-for-Sale	$	147	$	17,852	$	354	$	12,066

The Company’s investment in equity securities consists primarily of FHLB stock, and shares of First National Bankers Bankshares, Inc. (“FNBB”).  Management monitors its investment portfolio to determine whether any investment securities which have unrealized losses should be considered other than temporarily impaired.

At September 30, 2016, securities with a carrying value of $1.1 million were pledged to secure public deposits, and securities and mortgage loans with a carrying value of $187.0 million were pledged to secure FHLB advances.

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Loans Receivable

3 Months Ended

Sep. 30, 2016

Loans Receivable [Abstract]

Loans Receivable

3.          Loans Receivable

Loans receivable are summarized as follows:

	September 30, 2016			June 30, 2016
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	120,767		$	118,035
Commercial		71,883			69,197
Multi-Family Residential		15,472			20,661
Land		26,201			24,308
Construction		9,605			14,442
Equity and Second Mortgage		1,586			1,526
Equity Lines of Credit		17,587			17,290
Total Mortgage Loans		263,101			265,459
Commercial Loans		27,344			27,886
Consumer Loans
Loans on Savings Accounts		409			404
Automobile and Other Consumer Loans		76			86
Total Consumer and Other Loans		485			490
Total Loans		290,930			293,835
Less:   Allowance for Loan Losses		(3,137	)		(2,845	)
Unamortized Loan Fees		(159	)		(163	)
Net Loans Receivable	$	287,634		$	290,827

Following is a summary of changes in the allowance for loan losses:

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
Balance - Beginning of Period	$	2,845		$	2,515
Provision for Loan Losses		300			65
Loan Charge-Offs		(14	)		--
Recoveries		6			33
Balance - End of Period	$	3,137		$	2,613

Credit Quality Indicators

The Company segregates loans into risk categories based on the pertinent information about the ability of borrowers to service their debt such as:  current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors.  The Company analyzes loans individually by classifying the loans according to credit risk.  Loans classified as substandard or identified as special mention are reviewed quarterly by management to evaluate the level of deterioration, improvement, and impairment, if any, as well as assign the appropriate risk category.

Loans excluded from the scope of the quarterly review process above are generally identified as pass credits until:  (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the customer contacts the Company for a modification.  In these circumstances, the loan is specifically evaluated for potential classification and the need to allocate reserves or charge-off.  The Company uses the following definitions for risk ratings:

Special Mention - Loans identified as special mention have a potential weakness that deserves management’s close attention.  If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard - Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any.  Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.  They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loss - This classification includes those loans which are considered uncollectible and of such little value that their continuance as loans is not warranted.  Even though partial recovery may be possible in the future, it is not practical or desirable to defer writing off these basically worthless loans.  Accordingly, these loans are charged-off before period end.

The following tables present the grading of loans, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	119,669	$	596	$	502	$	--	$	120,767
Commercial		71,619		--		264		--		71,883
Multi-Family Residential		15,472		--		--		--		15,472
Land		25,522		123		556		--		26,201
Construction		9,305		300		--		--		9,605
Equity and Second Mortgage		1,586		--		--		--		1,586
Equity Lines of Credit		17,587		--		--		--		17,587
Commercial Loans		25,354		--		1,990		--		27,344
Consumer Loans		485		--		--		--		485
Total	$	286,599	$	1,019	$	3.312	$	--	$	290,930

June 30, 2016	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	117,881	$	40	$	114	$	--	$	118,035
Commercial		68,899		30		268		--		69,197
Multi-Family Residential		20,661		--		--		--		20,661
Land		23,753		555		--		--		24,308
Construction		14,442		--		--		--		14,442
Equity and Second Mortgage		1,526		--		--		--		1,526
Equity Lines of Credit		17,290		--		--		--		17,290
Commercial Loans		25,896		--		1,990		--		27,886
Consumer Loans		490		--		--		--		490
Total	$	290,838	$	625	$	2,372	$	--	$	293,835

Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when contractually due.  Loans that experience insignificant payment delays or payment shortfalls are generally not classified as impaired.  On a case-by-case basis, management determines the significance of payment delays and payment shortfalls, taking into consideration all of the circumstances related to the loan, including:  the length of the payment delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

The following tables present an aging analysis of past due loans, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	1,440	$	1,679	$	568	$	3,687	$	117,080	$	120,767	$	167
Commercial		--		--		--		--		71,883		71,883		--
Multi-Family Residential		--		--		--		--		15,472		15,472		--
Land		--		--		556		556		25,645		26,201		--
Construction		--		--		--		--		9,605		9,605		--
Equity and Second Mortgage		--		--		--		--		1,586		1,586		--
Equity Lines of Credit		--		--		--		--		17,587		17,587		--
Commercial Loans		2,536		--		--		2,536		24,808		27,344		--
Consumer Loans		--		--		--		--		485		485		--
Total	$	3,976	$	1,679	$	1,124	$	6,779	$	284,151	$	290,930	$	167

June 30, 2016	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	2,646	$	1,674	$	114	$	4,434	$	113,601	$	118,035	$	101
Commercial		--		--		--		--		69,197		69,197		--
Multi-Family Residential		--		--		--		--		20,661		20,661		--
Land		--		555		--		555		23,753		24,308		--
Construction		--		--		--		--		14,442		14,442		--
Equity and Second Mortgage		--		--		--		--		1,526		1,526		--
Equity Lines of Credit		78		15		--		93		17,197		17,290		--
Commercial Loans		--		--		--		--		27,886		27,886		--
Consumer Loans		--		--		--		--		490		490		--
Total	$	2,724	$	2,244	$	114	$	5,082	$	288,753	$	293,835	$	101

There was no interest income recognized on non-accrual loans during the three months ended September 30, 2016 or year ended June 30, 2016. If the non-accrual loans had been accruing interest at their original contracted rates, gross interest income that would have been recorded for the three months ended September 30, 2016 and year ended June 30, 2016 was approximately $17,546 and $1,000, respectively.

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the three months ended September 30, 2016 was as follows:

	Real Estate Loans
September 30, 2016	1-4 Family Residential		Commercial		Multi- Family			Land		Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans			Total
								(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,517	$	321	$	111		$	201	$	126		$	117		$	444	$	8		$	2,845
Charge-Offs		--		--		--			--		--			(14	)		--		--			(14	)
Recoveries		6		--		--			--		--			--			--		--			6
Current Provision		226		7		(28	)		11		(42	)		67			67		(8	)		300
Ending Balances	$	1,749	$	328	$	83		$	212	$	84		$	170		$	511	$	--		$	3,137
Evaluated for Impairment:
Individually		--		--		--			--		--			--			--		--			--
Collectively		1,749		328		83			212		84			170			511		--			3,137
Loans Receivable:
Ending Balances – Total	$	120,767	$	71,883	$	15,472		$	26,201	$	9,605		$	19,173		$	27,344	$	485		$	290,930
Ending Balances:
Evaluated for Impairment:
Individually		1,098		264		--			679		300			--			1,990		--			4,331
Collectively	$	119,669	$	71,619	$	15,472		$	25,522	$	9,305		$	19,173		$	25,354	$	485		$	286,599

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the year ended June 30, 2016 and three months ended September 30, 2015, was as follows:

	Real Estate Loans
June 30, 2016	1-4 Family Residential		Commercial			Multi-Family		Land		Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans		Total
	(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,195	$	415		$	103	$	154	$	146		$	192		$	305	$	5	$	2,515
Charge-Offs		--		--			--		--		--			--			--		--		--
Recoveries		59		--			--		--		--			--			--		--		59
Current Provision		263		(94	)		8		47		(20	)		(75	)		139		3		271
Ending Balances	$	1,517	$	321		$	111	$	201	$	126		$	117		$	444	$	8	$	2,845
Evaluated for Impairment:
Individually		--		--			--		--		--			--			--		--		--
Collectively		1,517		321			111		201		126			117			444		8		2,845
Loans Receivable:
Ending Balances - Total	$	118,035	$	69,197		$	20,661	$	24,308	$	14,442		$	18,816		$	27,886	$	490	$	293,835
Ending Balances:
Evaluated for Impairment:
Individually		154		298			--		555		--			--			1,990		--		2,997
Collectively	$	117,881	$	68,899		$	20,661	$	23,753	$	14,442		$	18,816		$	25,896	$	490	$	290,838

	Real Estate Loans
September 30, 2015	1-4 Family Residential		Commercial		Multi- Family			Land			Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans			Total
								(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,195	$	415	$	103		$	154		$	146		$	192		$	305	$	5		$	2,515
Charge-Offs		--		--		--			--			--			--			--		--			--
Recoveries		33		--		--			--			--			--			--		--			33
Current Provision		129		6		(30	)		(6	)		(29	)		(55	)		51		(1	)		65
Ending Balances	$	1,357	$	421	$	73		$	148		$	117		$	137		$	356	$	4		$	2,613
Evaluated for Impairment:
Individually		--		--		--			--			--			--			--		--			--
Collectively		1,357		421		73			148			117			137			356		4			2,613
Loans Receivable:
Ending Balances - Total	$	106,924	$	60,283	$	15,135		$	19,057		$	17,804		$	23,903		$	28,348	$	310		$	271,764
Ending Balances:
Evaluated for Impairment:
Individually		333		564		--			--			--			--			--		--			897
Collectively	$	106,591	$	59,719	$	15,135		$	19,057		$	17,804		$	23,903		$	28,348	$	310		$	270,867

The following tables present loans individually evaluated for impairment, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	1,098	$	1,098	$	--	$	1,098	$	--	$	1,120
Commercial		264		264		--		264		--		245
Multi-Family Residential		--		--		--		--		--		--
Land		679		679		--		679		--		746
Construction		300		300		--		300		--		302
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		1,990		1,990		--		1,990		--		2,460
Consumer Loans		--		--		--		--		--		--
Total	$	4,331	$	4,331	$	--	$	4,331	$	--	$	4,873

June 30, 2016	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	154	$	154	$	--	$	154	$	--	$	162
Commercial		298		298		--		298		--		274
Multi-Family Residential		--		--		--		--		--		--
Land		555		555		--		555		--		586
Construction		--		--		--		--		--		--
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		1,990		1,990		--		1,990		--		2,460
Consumer Loans		--		--		--		--		--		--
Total	$	2,997	$	2,997	$	--	$	2,997	$	--	$	3,482

The Bank has no commitments to loan additional funds to borrowers whose loans were previously in non-accrual status.

The Bank had $2.0 million of troubled debt restructurings involving nine commercial business loans to one borrower at September 2016 and June 30, 2016.  A summary of the loans that were restructured during the three months ended September 30, 2016 and the year ended June 30, 2016 is as follows (in thousands):

September 30, 2016	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		9	$	1,990	$	1,990
Troubled Debt Restructurings that Subsequently Defaulted		--	$	--	$	--

June 30, 2016	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		9	$	1,990	$	1,990
Troubled Debt Restructurings that Subsequently Defaulted		--	$	--	$	--

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Deposits

3 Months Ended

Sep. 30, 2016

Deposits [Abstract]

Deposits

4.          Deposits

Deposits at September 30, 2016 and June 30, 2016 consist of the following classifications:

	September 30, 2016		June 30, 2016
	(In Thousands)
Non-Interest Bearing	$	47,446	$	39,280
NOW Accounts		34,817		37,761
Money Markets		47,494		49,251
Passbook Savings		30,252		29,033
		160,009		155,325
Certificates of Deposit		139,316		132,497
Total Deposits	$	299,325	$	287,822

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Earnings Per Share

3 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

5.          Earnings Per Share

Basic earnings per common share are computed based on the weighted average number of shares outstanding.  Diluted earnings per share is computed based on the weighted average number of shares outstanding and common share equivalents that would arise from the exercise of dilutive securities. Earnings per share for the three months ended September 30, 2016 and 2015 were calculated as follows:

	Three Months Ended September 30,
	2016		2015
	(In Thousands, Except Per Share Data)
Net income	$	1,002	$	941
Weighted average shares outstanding - basic		1,813		1,927
Effect of dilutive common stock equivalents		65		64
Adjusted weighted average shares outstanding – diluted		1,878		1,991
Basic earnings per share	$	0.55	$	0.49
Diluted earnings per share	$	0.53	$	0.47

For the three months ended September 30, 2016 and 2015, there were outstanding options to purchase 302,077 and 204,137 shares, respectively, at a weighted average exercise price of $17.79 and $15.07 per share, respectively. For the quarter ended September 30, 2016, 64,931 options, were included in the computation of diluted earnings per share.

The following table presents the components of weighted average outstanding shares for purposes of calculating earnings per share:

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
Average common shares issued		1,964			2,106
Average unearned ESOP shares		(131	)		(143	)
Average unearned RRP shares		(20	)		(36	)
Weighted average shares outstanding		1,813			1,927

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Stock-Based Compensation

3 Months Ended

Sep. 30, 2016

Stock-Based Compensation [Abstract]

Stock-Based Compensation

6.          Stock-Based Compensation

Recognition and Retention Plan

On August 10, 2005, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2005 Recognition and Retention Plan and Trust Agreement (the “2005 Recognition Plan”) as an incentive to retain personnel of experience and ability in key positions.  The aggregate number of shares of the Company’s common stock subject to award under the 2005 Recognition Plan totaled 63,547 shares (as adjusted for the exchange ratio of 0.9110 on December 22, 2010).  As the shares were acquired for the 2005 Recognition Plan, the purchase price of these shares was recorded as a contra equity account.  As the shares are distributed, the contra equity account is reduced.  The 2005 Recognition Plan terminated on June 8, 2015 and the remaining 564 shares vested on August 19, 2015.

On December 23, 2011, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2011 Recognition and Retention Plan and Trust Agreement (the “2011 Recognition Plan”, together with the 2005 Recognition  Plan, the  “Recognition  Plan”) as  an  incentive  to  retain  personnel  of  experience and ability in key positions.  The aggregate number of shares of the Company’s common stock available for award under the 2011 Recognition Plan totaled 77,808 shares, all of which were awarded as of September 30, 2015.

Recognition Plan shares are earned by recipients at a rate of 20% of the aggregate number of shares covered by the Recognition Plan award over five years.  Generally, if the employment of an employee or service as a non-employee director is terminated prior to the fifth anniversary of the date of grant of Recognition Plan share award, the recipient shall forfeit the right to any shares subject to the award that have not been earned.  In the case of death or disability of the recipient or a change in control of the Company, the Recognition Plan awards will be vested and shall be distributed as soon as practicable thereafter.

The cost associated with the 2005 Recognition Plan is based on a share price of $10.93 (as adjusted), which represents the market price of the Company’s stock on the date on which the 2005 Recognition Plan shares were granted. The cost associated with the 2011 Recognition Plan is based on share prices of $14.70 and $18.92 on January 31, 2012 and July 31, 2014, respectively, which represents the fair market price of the Company’s stock on the dates on which the 2011 Recognition Plan shares were granted. The cost of the Recognition Plan is being recognized over the five year vesting period.  Compensation expense pertaining to the Recognition Plan was $58,000 and $59,000, for the three months ended September 30, 2016 and 2015, respectively.

Stock Option Plan

On August 10, 2005, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2005 Stock Option Plan (the “2005 Option Plan”) for the benefit of directors, officers, and other key employees.  The aggregate number of shares of common stock reserved for issuance under the 2005 Option Plan totaled 158,868 (as adjusted for the exchange ratio).  Both incentive stock options and non-qualified stock options may be granted under the 2005 Option Plan.  The 2005 Stock Option Plan terminated on June 8, 2015, however outstanding stock options will remain in effect for the remainder of their original ten year terms.

On December 23, 2011, the shareholders of the Company approved the establishment of the Home Federal Bancorp, Inc. of Louisiana 2011 Stock Option Plan (the “2011 Option Plan”, together with the 2005 Option Plan, the “Option Plans”) for the benefit of directors, officers, and other key employees.  The aggregate number of shares of common stock reserved for issuance under the 2011 Option Plan totaled 194,522, all of which were awarded as of September 30, 2015.  Both incentive stock options and non-qualified stock options may be granted under the 2011 Option Plan.

On August 18, 2005, the Company granted 158,858 options (as adjusted for the conversion described in Note 1) to directors and employees.  Under the Option Plan, the exercise price of each option cannot be less than the fair market value of the underlying common stock as of the date of the option grant, which was $10.82 (as adjusted), and the maximum term is ten years.  As of August 18, 2015 all of the awards were either exercised or forfeited.  On August 19, 2010 and July 31, 2014, the Company granted 21,616 options and 2,133 options, respectively, under the 2005 Option Plan that were previously forfeited (as adjusted for the conversion), at an exercise price of $10.93 and $18.92 per share, respectively.  On January 31, 2012 and July 31, 2014, 165,344 options and 29,178 options, respectively, were granted to directors and employees at an exercise price of $14.70 and $18.92 per share, respectively, under the 2011 Option Plan.  As of September 30, 2015 there were no stock options available for future grant under the 2005 Option Plan or the 2011 Option Plan.

Under the Option Plans, the exercise price of each option cannot be less than the fair market value of the underlying common stock as of the date of the option grant and the maximum term is ten years. Incentive stock options and non-qualified stock options granted under the Option Plans become vested and exercisable at a rate of 20% per year over five years, commencing one year from the date of the grant, with an additional 20% vesting on each successive anniversary of the date the option was granted.  No vesting shall occur after an employee’s employment or service as a director is terminated.  In the event of the death or disability of an employee or director or change in control of the Company, the unvested options shall become vested and exercisable.  The Company accounts for the Option Plans under the guidance of FASB ASC Topic 718, Compensation – Stock Compensation.

Incentive stock options and non-qualified stock options granted under the Option Plan become vested and exercisable at a rate of 20% per year over five years, commencing one year from the date of the grant, with an additional 20% vesting on each successive anniversary of the date the option was granted.  No vesting shall occur after an employee’s employment or service as a director is terminated.  In the event of death or disability of an employee or director or change in control of the Company, the unvested options shall become vested and exercisable.  The Company recognizes compensation expense during the vesting period based on the fair value of the option on the date of the grant.  For the three months ended September 30, 2016 and 2015, compensation expense charged to operations was $42,000 and $44,000, respectively.

Stock Incentive Plan

On November 12, 2014, the shareholders of the Company approved the adoption of the Company’s 2014 Stock Incentive Plan (the “Stock Incentive Plan”) for the benefit of employees and non-employee directors as an incentive to contribute to the success of the Company and reward employees for outstanding performance and the attainment of targeted goals.  The  Stock  Incentive  Plan  covers  a  total  of  150,000  shares, of which no more than 37,500 shares, or 25% of the plan, may be share rewards.  The balance of the plan is reserved for stock option awards which would total 112,500 stock options assuming all the share awards are issued. All incentive stock options granted under the Stock Incentive Plan are intended to comply with the requirements of Section 422 of the Internal Revenue Code.  On October 26, 2015, the Company granted a total of 34,500 plan share awards and 103,500 stock options to directors, officers, and other key employees vesting ratably over five years. The Stock Incentive Plan cost is recognized over the five year vesting period. For the three months ended September 30, 2016, the Company recognized $66,000 in expenses related to the Stock Incentive Plan.

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Related Party Transactions

3 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

Related Party Transactions

7.          Related Party Transactions

Certain directors and executive officers were indebted to the Bank in the approximate aggregate amounts of $3.7 million and $3.8 million at September 30, 2016 and June 30, 2016, respectively.

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Fair Value Disclosures

3 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Disclosures

8.          Fair Value Disclosures

The following disclosure is made in accordance with the requirements of ASC 825, Financial Instruments.  Financial instruments are defined as cash and contractual rights and obligations that require settlement, directly or indirectly, in cash.  In cases where quoted market prices are not available, fair values have been estimated using the present value of future cash flows or other valuation techniques.  The results of these techniques are highly sensitive to the assumptions used, such as those concerning appropriate discount rates and estimates of future cash flows, which require considerable judgment.  Accordingly, estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current settlement of the underlying financial instruments.

ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements.  These disclosures should not be interpreted as representing an aggregate measure of the underlying value of the Company.

The following methods and assumptions were used by the Company in estimating fair values of financial instruments:

Cash and Cash Equivalents

The carrying amount approximates the fair value of cash and cash equivalents.

Securities to be Held-to-Maturity and Available-for-Sale

Fair values for investment securities, including mortgage-backed securities, are based on quoted market prices, where available.  If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.  The carrying values of restricted or non-marketable equity securities approximate their fair values.  The carrying amount of accrued investment income approximates its fair value.

Mortgage Loans Held-for-Sale

Because these loans are normally disposed of within ninety days of origination, their carrying value closely approximates the fair value of such loans.

Loans Receivable

For variable-rate loans that re-price frequently and with no significant changes in credit risk, fair value approximates the carrying value.  Fair values for other loans are estimated using the discounted value of expected future cash flows. Interest rates used are those being offered currently for loans with similar terms to borrowers of similar credit quality. The carrying amount of accrued interest receivable approximates its fair value.

Deposit Liabilities

The fair values for demand deposit accounts are, by definition, equal to the amount payable on demand at the reporting date, that is, their carrying amounts.  Fair values for other deposit accounts are estimated using the discounted value of expected future cash flows. The discount rate is estimated using the rates currently offered for deposits of similar maturities.

Advances from Federal Home Loan Bank

The carrying amount of short-term borrowings approximates their fair value.  The fair value of long-term debt is estimated using discounted cash flow analyses based on current incremental borrowing rates for similar borrowing arrangements.

Off-Balance Sheet Credit-Related Instruments

Fair values for outstanding mortgage loan commitments to lend are based on fees currently charged to enter into similar agreements, taking into account the remaining term of the agreements, customer credit quality, and changes in lending rates.

The fair value of interest rate floors and caps contained in some loan servicing agreements and variable rate mortgage loan contracts are considered immaterial within the context of fair value disclosure requirements.  Accordingly, no fair value estimate is provided for these instruments.

The carrying amount and estimated fair values of the Company’s financial instruments were as follows:

	September 30, 2016				June 30, 2016
	Carrying		Estimated		Carrying		Estimated
	Value		Fair Value		Value		Fair Value
	(In Thousands)
Financial Assets
Cash and Cash Equivalents	$	6,265	$	6,265	$	4,756	$	4,756
Securities Available-for-Sale		46,109		46,109		50,173		50,173
Securities to be Held-to-Maturity		12,838		12,750		2,349		2,349
Loans Held-for-Sale		14,980		14,980		11,919		11,919
Loans Receivable		287,634		286,298		290,827		290,339
Financial Liabilities
Deposits		299,325		296,739		287,822		285,503
Advances from FHLB		42,301		42,441		47,665		47,802
Off-Balance Sheet Items
Mortgage Loan Commitments		279		279		296		296

The estimated fair values presented above could be materially different than net realizable value and are only indicative of the individual financial instrument’s fair value.  Accordingly, these estimates should not be considered an indication of the fair value of the Company taken as a whole.

The Company follows the guidance of FASB ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820").  ASC 820 affirms a framework for measuring fair value and expands disclosures about fair value measurements.  ASC 820 was issued to establish a uniform definition of fair value.  The definition of fair value is market-based as opposed to company-specific, and includes the following:

 Defines fair value as the price that would be received to sell an asset or paid to transfer a liability, in either case, through an orderly transaction between market participants at a measurement date and establishes a framework for measuring fair value;

 Establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date;

 Nullifies the guidance in EITF 02-3, which required the deferral of profit at inception of a transaction involving a derivative financial instrument in the absence of observable data supporting the valuation technique;

 Eliminates large position discounts for financial instruments quoted in active markets and requires consideration of the company’s creditworthiness when valuing liabilities; and

 Expands disclosures about instrument that are measured at fair value.

The standard establishes a three-level valuation hierarchy for disclosure of fair value measurements.  The valuation hierarchy favors the transparency of inputs to the valuation of an asset or liability as of the measurement date.  The three levels are defined as follows:

 Level 1 – Fair value is based upon quoted prices (unadjusted) for identical assets or liabilities in active markets in which the Company can participate.

 Level 2 – Fair value is based upon (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active, that is, markets in which there are few transactions for the asset or liability, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly; (c) inputs other than quoted prices that are observable for the asset or liability or (d) inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 Level 3 – Fair value is based uponinputs that are unobservable for the asset or liability.  These inputs reflect the Company’s own assumptions about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk).  These inputs are developed based on the best information available in the circumstances, which include the Company’s own data. The Company’s own data used to develop unobservable inputs are adjusted if information indicates that market participants would use different assumptions.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The preceding methods described may produce a fair value calculation that may not be indicative of the net realizable value or reflective of future fair values.  Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.  There have been no changes in the methodologies used during the year ended September 30, 2016.

Fair values of assets and liabilities measured on a recurring basis at September 30, 2016 and June 30, 2016 are as follows:

	Fair Value Measurements Using:
September 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
	(In Thousands)
Available-for-Sale
Debt Securities
FHLMC	$	--	$	9,861	$	--	$	9,861
FNMA		--		25,251		--		25,251
GNMA		--		10,997		--		10,997
Total	$	--	$	46,109	$	--	$	46,109
Held-to-Maturity
Debt Securities
FNMA	$	--	$	10,204	$	--	$	10,204

	Fair Value Measurements Using:
June 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
			(In Thousands)
Available-for-Sale
Debt Securities
FHLMC	$	--	$	10,793	$	--	$	10,793
FNMA		--		27,223		--		27,223
GNMA		--		12,157		--		12,157
Total	$	--	$	50,173	$	--	$	50,173

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Subsequent Events

3 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

9.          Subsequent Events

In accordance with FASB ASC 855, Subsequent Events, the Company evaluates events and transactions that occur after the balance sheet date for potential recognition in the financial statements.  The effect of all subsequent events that provide additional evidence of conditions that existed at the balance sheet date are recognized in the financial statements as of September 30, 2016.  In preparing these financial statements, the Company evaluated the events and transactions that occurred through the date these financial statements were issued.

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Summary of Accounting Policies (Policies)

3 Months Ended

Sep. 30, 2016

Summary of Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The consolidated financial statements include the accounts of Home Federal Bancorp, Inc. of Louisiana (the “Company”) and its subsidiary, Home Federal Bank (“Home Federal Bank” or the “Bank”).  These consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the three month period ended September 30, 2016, are not necessarily indicative of the results which may be expected for the fiscal year ending June 30, 2017.

The Company follows accounting standards set by the Financial Accounting Standards Board (the “FASB”). The FASB sets generally accepted accounting principles (“GAAP”) that we follow to ensure we consistently report our financial condition, results of operations and cash flows.  References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification (the “Codification” or the “ASC”).

In accordance with the subsequent events topic of the ASC, the Company evaluates events and transactions that occur after the balance sheet date for potential recognition in the financial statements.  The effect of all subsequent events that provide additional evidence of conditions that existed at the balance sheet date are recognized in the financial statements as of September 30, 2016.  In preparing these financial statements, the Company evaluated the events and transactions that occurred through the date these financial statements were issued.

Use of Estimates

Use of Estimates

In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Statements of Financial Condition and reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  Material estimates that are particularly susceptible to significant change in the near term relate to the allowance for loan losses.

Nature of Operations

Nature of Operations

Home Federal Bancorp, Inc. of Louisiana, a Louisiana corporation, is the fully public stock holding company for Home Federal Bank located in Shreveport, Louisiana.  The Bank is a federally chartered, stock savings and loan association and is subject to federal regulation by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.  The Company is a savings and loan holding company regulated by the Board of Governors of the Federal Reserve System. Services are provided to the Bank’s customers by six full-service banking offices and one administrative office, located in Caddo and Bossier Parishes, Louisiana.  The area served by the Bank is primarily the Shreveport-Bossier City metropolitan area; however, loan and deposit customers are found dispersed in a wider geographical area covering much of northwest Louisiana. As of September 30, 2015, the Bank had one wholly-owned subsidiary, Metro Financial Services, Inc., which previously engaged in the sale of annuity contracts and does not currently engage in a meaningful amount of business.

Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, balances due from banks, and federal funds sold, all of which mature within ninety days.

Securities

Securities

The Company classifies its debt and equity investment securities into one of three categories:  held-to-maturity, available-for-sale, or trading.  Investments in nonmarketable equity securities and debt securities, in which the Company has the positive intent and ability to hold to maturity, are classified as held-to-maturity and carried at amortized cost.  Investments in debt securities that are not classified as held-to-maturity and marketable equity securities that have readily determinable fair values are classified as either trading or available-for-sale securities.  Securities that are acquired and held principally for the purpose of selling in the near term are classified as trading securities.  Investments in securities not classified as trading or held-to-maturity are classified as available-for-sale.

Trading account and available-for-sale securities are carried at fair value.  Unrealized holding gains and losses on trading securities are included in earnings while net unrealized holding gains and losses on available-for-sale securities are excluded from earnings and reported in other comprehensive income.  Purchase premiums and discounts are recognized in interest income using the interest method over the term of the securities.  Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses.  In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.  Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method.

Loans Held-for-Sale

Loans Held-for-Sale

Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate.  Net unrealized losses, if any, are recognized through a valuation allowance by charges to income.

Loans

Loans

Loans receivable are stated at unpaid principal balances, less allowances for loan losses and unamortized deferred loan fees.  Net nonrefundable fees (loan origination fees, commitment fees, discount points) and costs associated with lending activities are being deferred and subsequently amortized into income as an adjustment of yield on the related interest earning assets using the interest method.  Interest income on contractual loans receivable is recognized on the accrual method.  Unearned discount on property improvement and automobile loans is deferred and amortized on the interest method over the life of the loan.

Allowance for Loan Losses

Allowance for Loan Losses

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings.  Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed.  Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of the underlying collateral and prevailing economic conditions.  The evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

A loan is considered impaired when, based on current information or events, it is probable that the Bank will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement.  When a loan is impaired, the measurement of such impairment is based upon the present value of expected future cash flows or the fair value of the collateral of the loan.  If the present value of expected future cash flows or fair value of the collateral is less than the recorded investment in the loan, the Bank will recognize the impairment by creating a valuation allowance with a corresponding charge against earnings.

An allowance is also established for uncollectible interest on loans classified as substandard.  The allowance is established by a charge to interest income equal to all interest previously accrued and income is subsequently recognized only to the extent that cash payments are received.  When, in management’s judgment, the borrower’s ability to make periodic interest and principal payments is back to normal, the loan is returned to accrual status.

It should be understood that estimates of future loan losses involve an exercise of judgment.  While it is possible that in particular periods the Company may sustain losses which are substantial relative to the allowance for loan losses, it is the judgment of management that the allowance for loan losses reflected in the accompanying statements of condition is adequate to absorb possible losses in the existing loan portfolio.

Off-Balance Sheet Credit Related Financial Instruments

Off-Balance Sheet Credit Related Financial Instruments

In the ordinary course of business, the Bank has entered into commitments to extend credit.  Such financial instruments are recorded when they are funded.

Foreclosed Assets

Foreclosed Assets

Assets acquired through, or in lieu of, loan foreclosure are held-for-sale and are transferred to other real estate owned at the lower of cost or current fair value minus estimated cost to sell as of the date of foreclosure.  Cost is defined as the lower of the fair value of the property or the recorded investment in the loan.  Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell.

Premises and Equipment

Premises and Equipment

Land is carried at cost.  Buildings and equipment are carried at cost less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets.

Income Taxes

Income Taxes

The Company and its wholly-owned subsidiary file a consolidated Federal income tax return on a fiscal year basis.  Each entity pays its pro-rata share of income taxes in accordance with a written tax-sharing agreement.

The Company accounts for income taxes on the asset and liability method.  Deferred tax assets and liabilities are recorded based on the difference between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, computed using enacted tax rates.  A valuation allowance, if needed, reduces deferred tax assets to the expected amount most likely to be realized. Realization of deferred tax assets is dependent upon the generation of a sufficient level of future taxable income and recoverable taxes paid in prior years.  Although realization is not assured, management believes it is more likely than not that all of the deferred tax assets will be realized.  Current taxes are measured by applying the provisions of enacted tax laws to taxable income to determine the amount of taxes receivable or payable.

While the Bank is exempt from Louisiana income tax, it is subject to the Louisiana Ad Valorem Tax, commonly referred to as the Louisiana Shares Tax, which is based on stockholders’ equity and net income.

Comprehensive Income

Comprehensive Income

Accounting principles generally accepted in the United States of America require that recognized revenue, expenses, gains and losses be included in net income.  Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the Consolidated Statements of Financial Condition, such items, along with net income, are components of comprehensive income.

Stockholders' Equity

Stockholders’ Equity

On January 1, 2015, the Louisiana Business Corporation Act (the Act) became effective.  Under the provisions of the Act, there is no concept of “Treasury Shares”.  Rather, shares purchased by the Company constitute authorized but unissued shares.  Under Accounting Standards Codification (ASC) 505-30, Treasury Stock, accounting for treasury stock shall conform to state law.  Accordingly, the Company’s Consolidated Statements of Financial Condition as of June 30, 2016 and September 30, 2016 reflect this change.  The cost of shares purchased by the Company has been allocated to Common Stock and Retained Earnings balances.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In August 2014, the FASB issued ASU 2014-13, Consolidation (Topic 810):  Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity.  The amendments of ASU 2014-13 allow for a reporting entity that consolidates a collateralized financing entity within the scope of the guidance to elect to measure the financial assets and the financial liabilities of that collateralized financing entity using the measurement alternative.  Under the measurement alternative, the reporting entity should measure both the financial assets and the financial liabilities of that collateralized financing entity in its consolidated financial statements using the more observable of the fair value of the financial assets and the fair value of the financial liabilities.   The amendments are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015.   The adoption of this guidance is not expected to have a material effect on the Company’s financial statements.

In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40).  The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met:  (1) the loan has a government guarantee that is not separable from the loan before foreclosure, (2) at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim, and (3) at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed.  Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor.  The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014.  This Update did not have a significant impact on the Company’s financial statements.

In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20):  Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.   The amendments of ASU 2015-01 eliminate from Generally Accepted Accounting Principles the concept of extraordinary items.  The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015.

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Securities (Tables)

3 Months Ended

Sep. 30, 2016

Securities [Abstract]

Amortized cost and fair value of securities, with gross unrealized gains and losses

The amortized cost and fair value of securities, with gross unrealized gains and losses, follows:

	September 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	10,229	$	9	$	377	$	9,861
FNMA Mortgage-Backed Certificates		24,748		549		46		25,251
GNMA Mortgage-Backed Certificates		11,305		4		312		10,997
Total Debt Securities		46,282		562		735		46,109
Total Securities Available-for-Sale	$	46,282	$	562	$	735	$	46,109
Securities Held-to-Maturity
Debt Securities
FNMA Mortgage-Backed Certificates	$	10,292	$	--	$	88	$	10,204
Equity Securities (Non-Marketable)
22,956Shares – Federal Home Loan Bank		2,296		--		--		2,296
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,546		--		--		2,546
Total Securities Held-to-Maturity	$	12,838	$	--	$	88	$	12,750

	June 30, 2016
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	10,928	$	12	$	147	$	10,793
FNMA Mortgage-Backed Certificates		26,610		613		--		27,223
GNMA Mortgage-Backed Certificates		12,507		4		354		12,157
Total Debt Securities		50,045		629		501		50,173
Total Securities Available-for-Sale	$	50,045	$	629	$	501	$	50,173
Securities Held-to-Maturity
Equity Securities (Non-Marketable)
20,989 shares – Federal Home Loan Bank	$	2,099	$	--	$	--	$	2,099
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,349		--		--		2,349
Total Securities Held-to-Maturity	$	2,349	$	--	$	--	$	2,349

Amortized cost and fair value of debt securities by contractual maturity

The amortized cost and fair value of securities by contractual maturity at September 30, 2016, follows:

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(In Thousands)
Debt Securities
Within One Year or Less	$	18	$	18	$	--	$	--
One through Five Years		86		88		--		--
After Five through Ten Years		51		53		--		--
Over Ten Years		46,127		45,950		10,292		10,204
		46,282		46,109		10,292		10,204
Other Equity Securities		--		--		2,546		2,546
Total	$	46,282	$	46,109	$	12,838	$	12,750

Information pertaining to securities with gross unrealized losses, continuous loss position

The following tables show information pertaining to gross unrealized losses on securities available-for-sale at September 30, 2016 and June 30, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	September 30, 2016
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	392	$	14,990	$	343	$	18,123
Marketable Equity Securities		--		--		--		--
Total Securities Available-for-Sale	$	392	$	14,990	$	343	$	18,123

	June 30, 2016
	Less Than Twelve Months				Over Twelve Months
	Gross				Gross
	Unrealized		Fair		Unrealized		Fair
	Losses		Value		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	147	$	17,852	$	354	$	12,066
Marketable Equity Securities		--		--		--		--
Total Securities Available-for-Sale	$	147	$	17,852	$	354	$	12,066

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Loans Receivable (Tables)

3 Months Ended

Sep. 30, 2016

Loans Receivable [Abstract]

Summary of loans receivable

Loans receivable are summarized as follows:

	September 30, 2016			June 30, 2016
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	120,767		$	118,035
Commercial		71,883			69,197
Multi-Family Residential		15,472			20,661
Land		26,201			24,308
Construction		9,605			14,442
Equity and Second Mortgage		1,586			1,526
Equity Lines of Credit		17,587			17,290
Total Mortgage Loans		263,101			265,459
Commercial Loans		27,344			27,886
Consumer Loans
Loans on Savings Accounts		409			404
Automobile and Other Consumer Loans		76			86
Total Consumer and Other Loans		485			490
Total Loans		290,930			293,835
Less:   Allowance for Loan Losses		(3,137	)		(2,845	)
Unamortized Loan Fees		(159	)		(163	)
Net Loans Receivable	$	287,634		$	290,827

Analysis of allowance for loan losses

Following is a summary of changes in the allowance for loan losses:

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
Balance - Beginning of Period	$	2,845		$	2,515
Provision for Loan Losses		300			65
Loan Charge-Offs		(14	)		--
Recoveries		6			33
Balance - End of Period	$	3,137		$	2,613

Grading of loans, segregated by class of loans

The following tables present the grading of loans, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	119,669	$	596	$	502	$	--	$	120,767
Commercial		71,619		--		264		--		71,883
Multi-Family Residential		15,472		--		--		--		15,472
Land		25,522		123		556		--		26,201
Construction		9,305		300		--		--		9,605
Equity and Second Mortgage		1,586		--		--		--		1,586
Equity Lines of Credit		17,587		--		--		--		17,587
Commercial Loans		25,354		--		1,990		--		27,344
Consumer Loans		485		--		--		--		485
Total	$	286,599	$	1,019	$	3.312	$	--	$	290,930

June 30, 2016	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	117,881	$	40	$	114	$	--	$	118,035
Commercial		68,899		30		268		--		69,197
Multi-Family Residential		20,661		--		--		--		20,661
Land		23,753		555		--		--		24,308
Construction		14,442		--		--		--		14,442
Equity and Second Mortgage		1,526		--		--		--		1,526
Equity Lines of Credit		17,290		--		--		--		17,290
Commercial Loans		25,896		--		1,990		--		27,886
Consumer Loans		490		--		--		--		490
Total	$	290,838	$	625	$	2,372	$	--	$	293,835

Aging analysis of past due loans segregated by class of loans

The following tables present an aging analysis of past due loans, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	1,440	$	1,679	$	568	$	3,687	$	117,080	$	120,767	$	167
Commercial		--		--		--		--		71,883		71,883		--
Multi-Family Residential		--		--		--		--		15,472		15,472		--
Land		--		--		556		556		25,645		26,201		--
Construction		--		--		--		--		9,605		9,605		--
Equity and Second Mortgage		--		--		--		--		1,586		1,586		--
Equity Lines of Credit		--		--		--		--		17,587		17,587		--
Commercial Loans		2,536		--		--		2,536		24,808		27,344		--
Consumer Loans		--		--		--		--		485		485		--
Total	$	3,976	$	1,679	$	1,124	$	6,779	$	284,151	$	290,930	$	167

June 30, 2016	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	2,646	$	1,674	$	114	$	4,434	$	113,601	$	118,035	$	101
Commercial		--		--		--		--		69,197		69,197		--
Multi-Family Residential		--		--		--		--		20,661		20,661		--
Land		--		555		--		555		23,753		24,308		--
Construction		--		--		--		--		14,442		14,442		--
Equity and Second Mortgage		--		--		--		--		1,526		1,526		--
Equity Lines of Credit		78		15		--		93		17,197		17,290		--
Commercial Loans		--		--		--		--		27,886		27,886		--
Consumer Loans		--		--		--		--		490		490		--
Total	$	2,724	$	2,244	$	114	$	5,082	$	288,753	$	293,835	$	101

Allowance for loan losses and recorded investment in loans

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the three months ended September 30, 2016 was as follows:

	Real Estate Loans
September 30, 2016	1-4 Family Residential		Commercial		Multi- Family			Land		Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans			Total
								(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,517	$	321	$	111		$	201	$	126		$	117		$	444	$	8		$	2,845
Charge-Offs		--		--		--			--		--			(14	)		--		--			(14	)
Recoveries		6		--		--			--		--			--			--		--			6
Current Provision		226		7		(28	)		11		(42	)		67			67		(8	)		300
Ending Balances	$	1,749	$	328	$	83		$	212	$	84		$	170		$	511	$	--		$	3,137
Evaluated for Impairment:
Individually		--		--		--			--		--			--			--		--			--
Collectively		1,749		328		83			212		84			170			511		--			3,137
Loans Receivable:
Ending Balances – Total	$	120,767	$	71,883	$	15,472		$	26,201	$	9,605		$	19,173		$	27,344	$	485		$	290,930
Ending Balances:
Evaluated for Impairment:
Individually		1,098		264		--			679		300			--			1,990		--			4,331
Collectively	$	119,669	$	71,619	$	15,472		$	25,522	$	9,305		$	19,173		$	25,354	$	485		$	286,599

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the year ended June 30, 2016 and three months ended September 30, 2015, was as follows:

	Real Estate Loans
June 30, 2016	1-4 Family Residential		Commercial			Multi-Family		Land		Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans		Total
	(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,195	$	415		$	103	$	154	$	146		$	192		$	305	$	5	$	2,515
Charge-Offs		--		--			--		--		--			--			--		--		--
Recoveries		59		--			--		--		--			--			--		--		59
Current Provision		263		(94	)		8		47		(20	)		(75	)		139		3		271
Ending Balances	$	1,517	$	321		$	111	$	201	$	126		$	117		$	444	$	8	$	2,845
Evaluated for Impairment:
Individually		--		--			--		--		--			--			--		--		--
Collectively		1,517		321			111		201		126			117			444		8		2,845
Loans Receivable:
Ending Balances - Total	$	118,035	$	69,197		$	20,661	$	24,308	$	14,442		$	18,816		$	27,886	$	490	$	293,835
Ending Balances:
Evaluated for Impairment:
Individually		154		298			--		555		--			--			1,990		--		2,997
Collectively	$	117,881	$	68,899		$	20,661	$	23,753	$	14,442		$	18,816		$	25,896	$	490	$	290,838

	Real Estate Loans
September 30, 2015	1-4 Family Residential		Commercial		Multi- Family			Land			Construction			Home Equity Loans and Lines of Credit			Commercial Loans		Consumer Loans			Total
								(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,195	$	415	$	103		$	154		$	146		$	192		$	305	$	5		$	2,515
Charge-Offs		--		--		--			--			--			--			--		--			--
Recoveries		33		--		--			--			--			--			--		--			33
Current Provision		129		6		(30	)		(6	)		(29	)		(55	)		51		(1	)		65
Ending Balances	$	1,357	$	421	$	73		$	148		$	117		$	137		$	356	$	4		$	2,613
Evaluated for Impairment:
Individually		--		--		--			--			--			--			--		--			--
Collectively		1,357		421		73			148			117			137			356		4			2,613
Loans Receivable:
Ending Balances - Total	$	106,924	$	60,283	$	15,135		$	19,057		$	17,804		$	23,903		$	28,348	$	310		$	271,764
Ending Balances:
Evaluated for Impairment:
Individually		333		564		--			--			--			--			--		--			897
Collectively	$	106,591	$	59,719	$	15,135		$	19,057		$	17,804		$	23,903		$	28,348	$	310		$	270,867

Loans individually evaluated for impairment segregated by class of loans

The following tables present loans individually evaluated for impairment, segregated by class of loans, as of September 30, 2016 and June 30, 2016:

September 30, 2016	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	1,098	$	1,098	$	--	$	1,098	$	--	$	1,120
Commercial		264		264		--		264		--		245
Multi-Family Residential		--		--		--		--		--		--
Land		679		679		--		679		--		746
Construction		300		300		--		300		--		302
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		1,990		1,990		--		1,990		--		2,460
Consumer Loans		--		--		--		--		--		--
Total	$	4,331	$	4,331	$	--	$	4,331	$	--	$	4,873

June 30, 2016	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	154	$	154	$	--	$	154	$	--	$	162
Commercial		298		298		--		298		--		274
Multi-Family Residential		--		--		--		--		--		--
Land		555		555		--		555		--		586
Construction		--		--		--		--		--		--
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		1,990		1,990		--		1,990		--		2,460
Consumer Loans		--		--		--		--		--		--
Total	$	2,997	$	2,997	$	--	$	2,997	$	--	$	3,482

Summary of loans that were restructured

A summary of the loans that were restructured during the three months ended September 30, 2016 and the year ended June 30, 2016 is as follows (in thousands):

September 30, 2016	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		9	$	1,990	$	1,990
Troubled Debt Restructurings that Subsequently Defaulted		--	$	--	$	--

June 30, 2016	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		9	$	1,990	$	1,990
Troubled Debt Restructurings that Subsequently Defaulted		--	$	--	$	--

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Deposits (Tables)

3 Months Ended

Sep. 30, 2016

Deposits [Abstract]

Interest expense on deposits

Deposits at September 30, 2016 and June 30, 2016 consist of the following classifications:

	September 30, 2016		June 30, 2016
	(In Thousands)
Non-Interest Bearing	$	47,446	$	39,280
NOW Accounts		34,817		37,761
Money Markets		47,494		49,251
Passbook Savings		30,252		29,033
		160,009		155,325
Certificates of Deposit		139,316		132,497
Total Deposits	$	299,325	$	287,822

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Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Calculation of earnings per share

Earnings per share for the three months ended September 30, 2016 and 2015 were calculated as follows:

	Three Months Ended September 30,
	2016		2015
	(In Thousands, Except Per Share Data)
Net income	$	1,002	$	941
Weighted average shares outstanding - basic		1,813		1,927
Effect of dilutive common stock equivalents		65		64
Adjusted weighted average shares outstanding – diluted		1,878		1,991
Basic earnings per share	$	0.55	$	0.49
Diluted earnings per share	$	0.53	$	0.47

Components of average outstanding common shares

The following table presents the components of weighted average outstanding shares for purposes of calculating earnings per share:

	Three Months Ended September 30,
	2016			2015
	(In Thousands)
Average common shares issued		1,964			2,106
Average unearned ESOP shares		(131	)		(143	)
Average unearned RRP shares		(20	)		(36	)
Weighted average shares outstanding		1,813			1,927

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Fair Value Disclosures (Tables)

3 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Carrying amount and estimated fair values of financial instruments

The carrying amount and estimated fair values of the Company’s financial instruments were as follows:

	September 30, 2016				June 30, 2016
	Carrying		Estimated		Carrying		Estimated
	Value		Fair Value		Value		Fair Value
	(In Thousands)
Financial Assets
Cash and Cash Equivalents	$	6,265	$	6,265	$	4,756	$	4,756
Securities Available-for-Sale		46,109		46,109		50,173		50,173
Securities to be Held-to-Maturity		12,838		12,750		2,349		2,349
Loans Held-for-Sale		14,980		14,980		11,919		11,919
Loans Receivable		287,634		286,298		290,827		290,339
Financial Liabilities
Deposits		299,325		296,739		287,822		285,503
Advances from FHLB		42,301		42,441		47,665		47,802
Off-Balance Sheet Items
Mortgage Loan Commitments		279		279		296		296

Fair values of assets and liabilities measured on a recurring basis

Fair values of assets and liabilities measured on a recurring basis at September 30, 2016 and June 30, 2016 are as follows:

	Fair Value Measurements Using:
September 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
	(In Thousands)
Available-for-Sale
Debt Securities
FHLMC	$	--	$	9,861	$	--	$	9,861
FNMA		--		25,251		--		25,251
GNMA		--		10,997		--		10,997
Total	$	--	$	46,109	$	--	$	46,109
Held-to-Maturity
Debt Securities
FNMA	$	--	$	10,204	$	--	$	10,204

	Fair Value Measurements Using:
June 30, 2016	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
			(In Thousands)
Available-for-Sale
Debt Securities
FHLMC	$	--	$	10,793	$	--	$	10,793
FNMA		--		27,223		--		27,223
GNMA		--		12,157		--		12,157
Total	$	--	$	50,173	$	--	$	50,173

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Summary of Accounting Policies (Details)	3 Months Ended
	Sep. 30, 2016 Office Subsidiary
Nature of Operations [Abstract]
Number of wholly-owned subsidiaries | Subsidiary	1
Shreveport [Member]
Nature of Operations [Abstract]
Number of full-service banking offices	6
Number of administrative offices	1

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Securities, Amortized Cost and Fair Value of Securities, with Gross Unrealized Gains and Losses (Details) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	$ 46,282	$ 50,045
Gross Unrealized Gains	562	629
Gross Unrealized Losses	735	501
Fair Value	46,109	50,173
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	46,282	50,045
Gross Unrealized Gains	562	629
Gross Unrealized Losses	735	501
Fair value	46,109	50,173
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	12,838	2,349
Gross Unrealized Gains	0	0
Gross Unrealized Losses	88	0
Fair Value	12,750	2,349
FNMA Mortgage-Backed Certificates [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	10,292
Gross Unrealized Gains	0
Gross Unrealized Losses	88
Fair Value	10,204
Equity Securities (Non-Marketable) [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	2,546	2,349
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	2,546	2,349
Federal Home Loan Bank [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	2,296	2,099
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 2,296	$ 2,099
Number of equity securities (in shares)	22,956	20,989
First National Bankers Bankshares, Inc. [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	$ 250	$ 250
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 250	$ 250
Number of equity securities (in shares)	630	630
FHLMC Mortgage-Backed Certificates [Member]
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	$ 10,229	$ 10,928
Gross Unrealized Gains	9	12
Gross Unrealized Losses	377	147
Fair Value	9,861	10,793
FNMA Mortgage-Backed Certificates [Member]
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	24,748	26,610
Gross Unrealized Gains	549	613
Gross Unrealized Losses	46	0
Fair Value	25,251	27,223
GNMA Mortgage-Backed Certificates [Member]
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	11,305	12,507
Gross Unrealized Gains	4	4
Gross Unrealized Losses	312	354
Fair Value	$ 10,997	$ 12,157

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Securities, Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
Available-for-Sale, Amortized Cost [Abstract]
Within One Year or Less	$ 18
One through Five Years	86
After Five through Ten Years	51
Over Ten Years	46,127
Amortized Cost	46,282	$ 50,045
Other Equity Securities	0
Amortized Cost	46,282	50,045
Available-for-Sale, Fair Value [Abstract]
Within One Year or Less	18
One through Five Years	88
After Five through Ten Years	53
Over Ten Years	45,950
Fair Value	46,109	50,173
Other Equity Securities	0
Fair Value	46,109	50,173
Proceeds from sale of securities available-for-sale	0
Held-to-Maturity, Amortized Cost [Abstract]
Within One Year or Less	0
One through Five Years	0
After Five through Ten Years	0
Over Ten Years	10,292
Amortized Cost	10,292
Other Equity Securities	2,546
Amortized Cost	12,838	2,349
Held-to-Maturity, Fair Value [Abstract]
Within One Year or Less	0
One through Five Years	0
After Five through Ten Years	0
Over Ten Years	10,204
Fair Value	10,204
Other Equity Securities	2,546
Fair Value	$ 12,750	$ 2,349

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Securities, Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Securities Available-for-sale Securities, Gross Unrealized Losses [Abstract]
Less Than Twelve Months	$ 392	$ 147
Over Twelve Months	343	354
Securities Available-for-sale Securities, Fair Value [Abstract]
Less than Twelve Months	14,990	17,852
Over Twelve Months	18,123	12,066
Public Deposits [Member]
Securities Available-for-sale Securities, Fair Value [Abstract]
Securities pledged with carrying value	1,100
FHLB Advances [Member]
Securities Available-for-sale Securities, Fair Value [Abstract]
Securities pledged with carrying value	187,000
Mortgage-Backed Securities [Member]
Securities Available-for-sale Securities, Gross Unrealized Losses [Abstract]
Less Than Twelve Months	392	147
Over Twelve Months	343	354
Securities Available-for-sale Securities, Fair Value [Abstract]
Less than Twelve Months	14,990	17,852
Over Twelve Months	18,123	12,066
Marketable Equity Securities [Member]
Securities Available-for-sale Securities, Gross Unrealized Losses [Abstract]
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Securities Available-for-sale Securities, Fair Value [Abstract]
Less than Twelve Months	0	0
Over Twelve Months	$ 0	$ 0

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Loans Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015
Loan receivable [Abstract]
Gross Loans Receivable	$ 290,930	$ 293,835	$ 271,764
Less: Allowance for Loan Losses	(3,137)	(2,845)	(2,613)	$ (2,515)
Unamortized Loan Fees	(159)	(163)
Net Loans Receivable	287,634	290,827
Loans Secured by Mortgages on Real Estate [Member]
Loan receivable [Abstract]
Gross Loans Receivable	263,101	265,459
Loans Secured by Mortgages on Real Estate [Member] | One- to Four-Family Residential [Member]
Loan receivable [Abstract]
Gross Loans Receivable	120,767	118,035
Loans Secured by Mortgages on Real Estate [Member] | Commercial [Member]
Loan receivable [Abstract]
Gross Loans Receivable	71,883	69,197	60,283
Less: Allowance for Loan Losses	(328)	(321)	(421)	(415)
Loans Secured by Mortgages on Real Estate [Member] | Multi-Family Residential [Member]
Loan receivable [Abstract]
Gross Loans Receivable	15,472	20,661	15,135
Less: Allowance for Loan Losses	(83)	(111)	(73)	(103)
Loans Secured by Mortgages on Real Estate [Member] | Land [Member]
Loan receivable [Abstract]
Gross Loans Receivable	26,201	24,308	19,057
Less: Allowance for Loan Losses	(212)	(201)	(148)	(154)
Loans Secured by Mortgages on Real Estate [Member] | Construction [Member]
Loan receivable [Abstract]
Gross Loans Receivable	9,605	14,442	17,804
Less: Allowance for Loan Losses	(84)	(126)	(117)	(146)
Loans Secured by Mortgages on Real Estate [Member] | Equity and Second Mortgage [Member]
Loan receivable [Abstract]
Gross Loans Receivable	1,586	1,526
Loans Secured by Mortgages on Real Estate [Member] | Equity Lines of Credit [Member]
Loan receivable [Abstract]
Gross Loans Receivable	17,587	17,290
Commercial Loans [Member]
Loan receivable [Abstract]
Gross Loans Receivable	27,344	27,886	28,348
Less: Allowance for Loan Losses	(511)	(444)	(356)	(305)
Consumer Loans [Member]
Loan receivable [Abstract]
Gross Loans Receivable	485	490	310
Less: Allowance for Loan Losses	0	(8)	$ (4)	$ (5)
Consumer Loans [Member] | Loans on Savings Accounts [Member]
Loan receivable [Abstract]
Gross Loans Receivable	409	404
Consumer Loans [Member] | Automobile and Other Consumer Loans [Member]
Loan receivable [Abstract]
Gross Loans Receivable	$ 76	$ 86

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Loans Receivable, Analysis of Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Summary of changes in the allowance for loan losses [Roll Forward]
Beginning Balances	$ 2,845	$ 2,515	$ 2,515
Provision for Loan Losses	300	65	271
Loan Charge-Offs	(14)	0	0
Recoveries	6	33	59
Ending Balances	$ 3,137	$ 2,613	$ 2,845

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Loans Receivable, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 290,930	$ 293,835	$ 271,764
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	286,599	290,838
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,019	625
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	3,312	2,372
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	263,101	265,459
Real Estate Loans [Member] | One- to Four-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	120,767	118,035
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	119,669	117,881
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	596	40
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	502	114
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	71,883	69,197	60,283
Real Estate Loans [Member] | Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	71,619	68,899
Real Estate Loans [Member] | Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	30
Real Estate Loans [Member] | Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	264	268
Real Estate Loans [Member] | Commercial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	15,472	20,661	15,135
Real Estate Loans [Member] | Multi-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	15,472	20,661
Real Estate Loans [Member] | Multi-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	26,201	24,308	19,057
Real Estate Loans [Member] | Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	25,522	23,753
Real Estate Loans [Member] | Land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	123	555
Real Estate Loans [Member] | Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	556	0
Real Estate Loans [Member] | Land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	9,605	14,442	17,804
Real Estate Loans [Member] | Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	9,305	14,442
Real Estate Loans [Member] | Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	300	0
Real Estate Loans [Member] | Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,586	1,526
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,586	1,526
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Equity Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	17,587	17,290
Real Estate Loans [Member] | Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	17,587	17,290
Real Estate Loans [Member] | Equity Lines of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Real Estate Loans [Member] | Equity Lines of Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	27,344	27,886	28,348
Commercial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	25,354	25,896
Commercial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Commercial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,990	1,990
Commercial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Consumer Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	485	490	$ 310
Consumer Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	485	490
Consumer Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Consumer Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	0	0
Consumer Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 0	$ 0

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Loans Receivable, Aging Analysis of Past Due Loans (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	$ 6,779,000	$ 5,082,000
Current	284,151,000	288,753,000
Total Loans Receivable	290,930,000	293,835,000	$ 271,764,000
Recorded Investment > 90 Days and Accruing	167,000	101,000
Loan receivables on nonaccrual status	0	0
Interest income recognized on non-accrual loans	0	0
Estimated gross interest income that would have been recorded if non-accrual loans had been accruing interest at their original contracted rates	17,546	1,000
30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	3,976,000	2,724,000
60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	1,679,000	2,244,000
Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	1,124,000	114,000
Real Estate Loans [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Loans Receivable	263,101,000	265,459,000
Real Estate Loans [Member] | One- to Four-Family Residential [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	3,687,000	4,434,000
Current	117,080,000	113,601,000
Total Loans Receivable	120,767,000	118,035,000
Recorded Investment > 90 Days and Accruing	167,000	101,000
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	1,440,000	2,646,000
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	1,679,000	1,674,000
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	568,000	114,000
Real Estate Loans [Member] | Commercial [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Current	71,883,000	69,197,000
Total Loans Receivable	71,883,000	69,197,000	60,283,000
Recorded Investment > 90 Days and Accruing	0	0
Real Estate Loans [Member] | Commercial [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Commercial [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Commercial [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Current	15,472,000	20,661,000
Total Loans Receivable	15,472,000	20,661,000	15,135,000
Recorded Investment > 90 Days and Accruing	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Multi-Family Residential [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Land [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	556,000	555,000
Current	25,645,000	23,753,000
Total Loans Receivable	26,201,000	24,308,000	19,057,000
Recorded Investment > 90 Days and Accruing	0	0
Real Estate Loans [Member] | Land [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Land [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	555,000
Real Estate Loans [Member] | Land [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	556,000	0
Real Estate Loans [Member] | Construction [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Current	9,605,000	14,442,000
Total Loans Receivable	9,605,000	14,442,000	17,804,000
Recorded Investment > 90 Days and Accruing	0	0
Real Estate Loans [Member] | Construction [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Construction [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Construction [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Current	1,586,000	1,526,000
Total Loans Receivable	1,586,000	1,526,000
Recorded Investment > 90 Days and Accruing	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Real Estate Loans [Member] | Equity Lines of Credit [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	93,000
Current	17,587,000	17,197,000
Total Loans Receivable	17,587,000	17,290,000
Recorded Investment > 90 Days and Accruing	0	0
Real Estate Loans [Member] | Equity Lines of Credit [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	78,000
Real Estate Loans [Member] | Equity Lines of Credit [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	15,000
Real Estate Loans [Member] | Equity Lines of Credit [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Commercial Loans [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	2,536,000	0
Current	24,808,000	27,886,000
Total Loans Receivable	27,344,000	27,886,000	28,348,000
Recorded Investment > 90 Days and Accruing	0	0
Commercial Loans [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	2,536,000	0
Commercial Loans [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Commercial Loans [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Consumer Loans [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Current	485,000	490,000
Total Loans Receivable	485,000	490,000	$ 310,000
Recorded Investment > 90 Days and Accruing	0	0
Consumer Loans [Member] | 30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Consumer Loans [Member] | 60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Consumer Loans [Member] | Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	$ 0	$ 0

XML

Loans Receivable, Allowance for Loan Losses and Recorded Investment in Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Allowance for loan losses [Roll Forward]
Beginning Balances	$ 2,845	$ 2,515	$ 2,515
Charge-Offs	(14)	0	0
Recoveries	6	33	59
Current Provision	300	65	271
Ending Balances	3,137	2,613	2,845
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	3,137	2,613	2,845
Loans Receivable [Abstract]
Ending Balances - Total	290,930	271,764	293,835
Evaluated for Impairment, Ending Balances [Abstract]
Individually	4,331	897	2,997
Collectively	286,599	270,867	290,838
Real Estate Loans [Member]
Loans Receivable [Abstract]
Ending Balances - Total	263,101		265,459
Real Estate Loans [Member] | 1-4 Family Residential [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	1,517	1,195	1,195
Charge-Offs	0	0	0
Recoveries	6	33	59
Current Provision	226	129	263
Ending Balances	1,749	1,357	1,517
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	1,749	1,357	1,517
Loans Receivable [Abstract]
Ending Balances - Total	120,767	106,924	118,035
Evaluated for Impairment, Ending Balances [Abstract]
Individually	1,098	333	154
Collectively	119,669	106,591	117,881
Real Estate Loans [Member] | Commercial [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	321	415	415
Charge-Offs	0	0	0
Recoveries	0	0	0
Current Provision	7	6	(94)
Ending Balances	328	421	321
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	328	421	321
Loans Receivable [Abstract]
Ending Balances - Total	71,883	60,283	69,197
Evaluated for Impairment, Ending Balances [Abstract]
Individually	264	564	298
Collectively	71,619	59,719	68,899
Real Estate Loans [Member] | Multi Family [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	111	103	103
Charge-Offs	0	0	0
Recoveries	0	0	0
Current Provision	(28)	(30)	8
Ending Balances	83	73	111
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	83	73	111
Loans Receivable [Abstract]
Ending Balances - Total	15,472	15,135	20,661
Evaluated for Impairment, Ending Balances [Abstract]
Individually	0	0	0
Collectively	15,472	15,135	20,661
Real Estate Loans [Member] | Land [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	201	154	154
Charge-Offs	0	0	0
Recoveries	0	0	0
Current Provision	11	(6)	47
Ending Balances	212	148	201
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	212	148	201
Loans Receivable [Abstract]
Ending Balances - Total	26,201	19,057	24,308
Evaluated for Impairment, Ending Balances [Abstract]
Individually	679	0	555
Collectively	25,522	19,057	23,753
Real Estate Loans [Member] | Construction [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	126	146	146
Charge-Offs	0	0	0
Recoveries	0	0	0
Current Provision	(42)	(29)	(20)
Ending Balances	84	117	126
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	84	117	126
Loans Receivable [Abstract]
Ending Balances - Total	9,605	17,804	14,442
Evaluated for Impairment, Ending Balances [Abstract]
Individually	300	0	0
Collectively	9,305	17,804	14,442
Real Estate Loans [Member] | Home Equity Loans And Lines of Credit [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	117	192	192
Charge-Offs	(14)	0	0
Recoveries	0	0	0
Current Provision	67	(55)	(75)
Ending Balances	170	137	117
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	170	137	117
Loans Receivable [Abstract]
Ending Balances - Total	19,173	23,903	18,816
Evaluated for Impairment, Ending Balances [Abstract]
Individually	0	0	0
Collectively	19,173	23,903	18,816
Commercial Loans [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	444	305	305
Charge-Offs	0	0	0
Recoveries	0	0	0
Current Provision	67	51	139
Ending Balances	511	356	444
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	511	356	444
Loans Receivable [Abstract]
Ending Balances - Total	27,344	28,348	27,886
Evaluated for Impairment, Ending Balances [Abstract]
Individually	1,990	0	1,990
Collectively	25,354	28,348	25,896
Consumer Loans [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances	8	5	5
Charge-Offs	0	0	0
Recoveries	0	0	0
Current Provision	(8)	(1)	3
Ending Balances	0	4	8
Evaluated for Impairment [Abstract]
Individually	0	0	0
Collectively	0	4	8
Loans Receivable [Abstract]
Ending Balances - Total	485	310	490
Evaluated for Impairment, Ending Balances [Abstract]
Individually	0	0	0
Collectively	$ 485	$ 310	$ 490

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Loans Receivable, Loans Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	$ 4,331	$ 2,997
Recorded Investment With No Allowance	4,331	2,997
Recorded Investment With Allowance	0	0
Total Recorded Investment	4,331	2,997
Related Allowance	0	0
Average Recorded Investment	4,873	3,482
Commitments to loan additional funds to borrowers whose loans were previously in non-accrual status	0	0
Real Estate Loans [Member] | One- to Four-Family Residential [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	1,098	154
Recorded Investment With No Allowance	1,098	154
Recorded Investment With Allowance	0	0
Total Recorded Investment	1,098	154
Related Allowance	0	0
Average Recorded Investment	1,120	162
Real Estate Loans [Member] | Commercial [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	264	298
Recorded Investment With No Allowance	264	298
Recorded Investment With Allowance	0	0
Total Recorded Investment	264	298
Related Allowance	0	0
Average Recorded Investment	245	274
Real Estate Loans [Member] | Multi-Family Residential [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Real Estate Loans [Member] | Land [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	679	555
Recorded Investment With No Allowance	679	555
Recorded Investment With Allowance	0	0
Total Recorded Investment	679	555
Related Allowance	0	0
Average Recorded Investment	746	586
Real Estate Loans [Member] | Construction [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	300	0
Recorded Investment With No Allowance	300	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	300	0
Related Allowance	0	0
Average Recorded Investment	302	0
Real Estate Loans [Member] | Equity and Second Mortgage [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Real Estate Loans [Member] | Equity Lines of Credit [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	0	0
Commercial Loans [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	1,990	1,990
Recorded Investment With No Allowance	1,990	1,990
Recorded Investment With Allowance	0	0
Total Recorded Investment	1,990	1,990
Related Allowance	0	0
Average Recorded Investment	2,460	2,460
Consumer Loans [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	0	0
Recorded Investment With No Allowance	0	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	0	0
Related Allowance	0	0
Average Recorded Investment	$ 0	$ 0

XML

Loans Receivable, Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2016 USD ($) Borrower Contract	Jun. 30, 2016 USD ($) Borrower Contract
Financing Receivable, Modifications [Line Items]
Number of contracts | Contract	9	9
Pre-modification recorded investment	$ 1,990	$ 1,990
Post-modification recorded investment	$ 1,990	$ 1,990
Troubled debt restructurings that subsequent default, number of contracts | Contract	0	0
Troubled debt restructurings that subsequent default, pre-modification recorded investment	$ 0	$ 0
Troubled debt restructurings that subsequent default, post-modification recorded investment	0	0
Commercial Business Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 2,000	$ 2,000
Number of borrowers involved in troubled debt restructuring | Borrower	1	1

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Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Summary of Deposits [Abstract]
Non-Interest Bearing	$ 47,446	$ 39,280
NOW Accounts	34,817	37,761
Money Markets	47,494	49,251
Passbook Savings	30,252	29,033
Deposits in transaction accounts	160,009	155,325
Certificates of Deposit	139,316	132,497
Total Deposits	$ 299,325	$ 287,822

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Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Calculation of earnings per share [Abstract]
Net income	$ 1,002	$ 941
Weighted average shares outstanding - basic (in shares)	1,813,000	1,927,000
Effect of dilutive common stock equivalents (in shares)	65,000	64,000
Adjusted weighted average shares outstanding- diluted (in shares)	1,878,000	1,991,000
Basic earnings per share (in dollars per share)	$ 0.55	$ 0.49
Diluted earnings per share (in dollars per share)	$ 0.53	$ 0.47
Outstanding options to purchase shares (in shares)	302,077	204,137
Per share price of outstanding options (in dollars per share)	$ 17.79	$ 15.07
Components of average outstanding common shares [Abstract]
Average common shares issued (in shares)	1,964,000	2,106,000
Average unearned ESOP shares (in shares)	(131,000)	(143,000)
Average unearned RRP shares (in shares)	(20,000)	(36,000)
Weighted average shares outstanding (in shares)	1,813,000	1,927,000
Stock Option [Member]
Calculation of earnings per share [Abstract]
Effect of dilutive common stock equivalents (in shares)	64,931

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Stock-Based Compensation (Details)							3 Months Ended
	Oct. 26, 2015 shares	Nov. 12, 2014 shares	Jul. 31, 2014 $ / shares shares	Jan. 31, 2012 $ / shares shares	Aug. 19, 2010 $ / shares shares	Aug. 18, 2005 $ / shares shares	Sep. 30, 2016 USD ($) $ / shares shares	Sep. 30, 2015 USD ($) shares	Aug. 19, 2015 shares	Dec. 23, 2011 shares	Aug. 10, 2005 shares
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period							5 years
Compensation expense | $							$ 42,000	$ 44,000
Expected Term							10 years
Incentive stock options and non-qualified stock options, vested and exercisable							20.00%
Commencement period of incentive and non-qualified options							1 year
Additional percentage vested on each successive anniversary							20.00%
2005 Recognition and Retention Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock subject to award (in shares)							63,547
Shares vested (in shares)									564
Exchange ratio							0.9110
Share price (in dollars per share) | $ / shares							$ 10.93
Termination date							Jun. 08, 2015
2011 Recognition and Retention Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock subject to award (in shares)							77,808
Share price (in dollars per share) | $ / shares			$ 18.92	$ 14.70
Recognition Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares earned by recipients expressed in percentage of aggregate number of shares							20.00%
Period of plan							5 years
Award vesting period							5 years
Compensation expense | $							$ 58,000	$ 59,000
2005 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock reserved for issuance (in shares)											158,868
Minimum exercise price of option under option plan (in dollars per share) | $ / shares						$ 10.82
Termination date							Jun. 08, 2015
Term of share-based payment award							10 years
Number of Shares [Abstract]
Granted (in shares)			2,133		21,616	158,858
Weighted Average Exercise Price [Abstract]
Exercised (in dollars per share) | $ / shares			$ 18.92		$ 10.93
2005 Stock Option Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock subject to award (in shares)								0
2011 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock reserved for issuance (in shares)										194,522
Number of Shares [Abstract]
Granted (in shares)			29,178	165,344
Weighted Average Exercise Price [Abstract]
Exercised (in dollars per share) | $ / shares			$ 18.92	$ 14.70
2011 Stock Option Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock subject to award (in shares)								0
2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares available for grant		25.00%
Compensation expense | $							$ 66,000
Number of shares authorized under plan (in shares)		150,000
Aggregate number of shares of common stock reserved for issuance (in shares)		112,500
Number of Shares [Abstract]
Granted (in shares)	34,500
2014 Stock Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares of common stock subject to award (in shares)		37,500
2014 Stock Incentive Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period							5 years
Number of Shares [Abstract]
Granted (in shares)	103,500

XML

Related Party Transactions (Details) - USD ($) $ in Millions	Sep. 30, 2016	Jun. 30, 2016
Related Party Transactions [Abstract]
Loan made to directors and executive officers	$ 3.7	$ 3.8

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Fair Value Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
Mortgage Loans Held-for-Sale [Abstract]
Number of days from origination to dispose Mortgage Loans Held-for-Sale, maximum	90 days
Financial Assets [Abstract]
Securities Available-for-Sale	$ 46,109	$ 50,173
Securities to be Held-to-Maturity	12,750	2,349
Carrying Value [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents	6,265	4,756
Securities Available-for-Sale	46,109	50,173
Securities to be Held-to-Maturity	12,838	2,349
Loans Held-for-Sale	14,980	11,919
Loans Receivable	287,634	290,827
Financial Liabilities [Abstract]
Deposits	299,325	287,822
Advances from FHLB	42,301	47,665
Estimated Fair Value [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents	6,265	4,756
Securities Available-for-Sale	46,109	50,173
Securities to be Held-to-Maturity	12,750	2,349
Loans Held-for-Sale	14,980	11,919
Loans Receivable	286,298	290,339
Financial Liabilities [Abstract]
Deposits	296,739	285,503
Advances from FHLB	42,441	47,802
Mortgage Loan Commitments [Member] | Carrying Value [Member]
Off-Balance Sheet Items [Abstract]
Mortgage Loan Commitments	279	296
Mortgage Loan Commitments [Member] | Estimated Fair Value [Member]
Off-Balance Sheet Items [Abstract]
Mortgage Loan Commitments	$ 279	$ 296

XML

Fair Value Disclosures, Recurring (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Available for sale debt securities [Abstract]
Total	$ 46,109	$ 50,173
Held to maturity debt securities [Abstract]
Total	12,838	2,349
FHLMC [Member]
Available for sale debt securities [Abstract]
Total	9,861	10,793
FNMA [Member]
Available for sale debt securities [Abstract]
Total	25,251	27,223
GNMA [Member]
Available for sale debt securities [Abstract]
Total	10,997	12,157
Recurring [Member]
Available for sale debt securities [Abstract]
Total	46,109	50,173
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale debt securities [Abstract]
Total	46,109	50,173
Recurring [Member] | Unobservable Inputs (Level 3) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | FHLMC [Member]
Available for sale debt securities [Abstract]
Total	9,861	10,793
Recurring [Member] | FHLMC [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | FHLMC [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale debt securities [Abstract]
Total	9,861	10,793
Recurring [Member] | FHLMC [Member] | Unobservable Inputs (Level 3) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | FNMA [Member]
Available for sale debt securities [Abstract]
Total	25,251	27,223
Held to maturity debt securities [Abstract]
Total	10,204
Recurring [Member] | FNMA [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Held to maturity debt securities [Abstract]
Total	0
Recurring [Member] | FNMA [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale debt securities [Abstract]
Total	25,251	27,223
Held to maturity debt securities [Abstract]
Total	10,204
Recurring [Member] | FNMA [Member] | Unobservable Inputs (Level 3) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Held to maturity debt securities [Abstract]
Total	0
Recurring [Member] | GNMA [Member]
Available for sale debt securities [Abstract]
Total	10,997	12,157
Recurring [Member] | GNMA [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | GNMA [Member] | Significant Other Observable Inputs (Level 2) [Member]
Available for sale debt securities [Abstract]
Total	10,997	12,157
Recurring [Member] | GNMA [Member] | Unobservable Inputs (Level 3) [Member]
Available for sale debt securities [Abstract]
Total	$ 0	$ 0