10-Q

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

For the quarterly period ended: March 31, 2017

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.   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).  Yes ☒   No ☐

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

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	(Do not check if a smaller reporting company)
Smaller reporting company	☒	Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐  No ☒

Shares of common stock, par value $.01 per share, outstanding as of May 11, 2017.  The registrant had 1,952,266 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	29
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	38
Item 4:	Controls and Procedures	38
PART II	OTHER INFORMATION
Item 1:	Legal Proceedings	38
Item 1A:	Risk Factors	38
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	39
Item 3:	Defaults Upon Senior Securities	39
Item 4:	Mine Safety Disclosures	39
Item 5:	Other Information	39
Item 6:	Exhibits	39
SIGNATURES

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)

	March 31, 2017			June 30, 2016
ASSETS
Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $2,543and $2,529 for March 31, 2017 and June 30, 2016,    Respectively)	$	10,960		$	4,756
Securities Available-for-Sale		38,998			50,173
Securities Held-to-Maturity (Fair Value of $28,311 and $2,349, Respectively		28,897			2,349
Loans Held-for-Sale		5,877			11,919
Loans Receivable, Net of Allowance for Loan Losses of $3,582 and $2,845, Respectively		305,484			290,827
Accrued Interest Receivable		1,112			1,024
Premises and Equipment, Net		12,054			12,366
Bank Owned Life Insurance		6,633			6,523
Deferred Tax Asset		1,587			984
Other Real Estate Owned		3,696			--
Other Assets		743			780
Total Assets	$	416,041		$	381,701
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Deposits	$	326,444		$	287,822
Advances from Borrowers for Taxes and Insurance		437			716
Advances from Federal Home Loan Bank of Dallas		42,672			47,665
Other Bank Borrowings		--			400
Other Accrued Expenses and Liabilities		1,308			1,706
Total Liabilities		370,861			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; 1,954,158 and 1,967,955 Shares Issued and Outstanding at       March 31, 2017 and June 30, 2016, Respectively		23			23
Additional Paid-in Capital		34,396			33,863
Unearned ESOP Stock		(1,244	)		(1,331	)
Unearned RRP Trust Stock		(46	)		(265	)
Retained Earnings		12,514			11,018
Accumulated Other Comprehensive (Loss) Income		(463	)		84
Total Stockholders' Equity		45,180			43,392
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	416,041		$	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 March 31,				For the Nine Months Ended March 31,
	2017		2016		2017		2016
	(In Thousands, Except per Share Data)
INTEREST INCOME
Loans, Including Fees	$	3,912	$	3,644	$	11,600	$	10,821
Investment Securities		7		4		20		7
Mortgage-Backed Securities		302		195		746		579
Other Interest-Earning Assets		11		19		23		52
Total Interest Income		4,232		3,862		12,389		11,459
INTEREST EXPENSE
Deposits		591		573		1,694		1,777
Federal Home Loan Bank Borrowings		116		61		300		186
Other Bank Borrowings		6		11		14		18
Total Interest Expense		713		645		2,008		1,981
Net Interest Income		3,519		3,217		10,381		9,478
PROVISION FOR LOAN LOSSES		155		90		755		181
Net Interest Income after Provision for Loan Losses		3,364		3,127		9,626		9,297
NON-INTEREST INCOME
Gain on Sale of Loans		541		590		1,926		1,744
Gain on Sale of Real Estate		--		--		110		--
Income on Bank Owned Life Insurance		36		39		110		120
Service Charges on Deposit Accounts		194		138		541		410
Other Income		14		8		37		34
Total Non-Interest Income		785		775		2,724		2,308
NON-INTEREST EXPENSE
Compensation and Benefits		1,778		1,749		5,237		5,059
Occupancy and Equipment		304		275		922		789
Data Processing		128		140		442		417
Audit and Examination Fees		56		56		189		189
Franchise and Bank Shares Tax		91		83		292		266
Advertising		121		55		287		181
Legal Fees		100		133		328		351
Loan and Collection		92		74		240		191
Deposit Insurance Premium		27		45		92		165
Other Expense		172		140		461		443
Total Non-Interest Expense		2,869		2,750		8,490		8,051
Income Before Income Taxes		1,280		1,152		3,860		3,554
PROVISION FOR INCOME TAX EXPENSE		428		378		1,243		1,158
Net Income	$	852	$	774	$	2,617	$	2,396
EARNINGS PER SHARE:
Basic	$	0.47	$	0.42	$	1.44	$	1.27
Diluted	$	0.44	$	0.40	$	1.38	$	1.22
DIVIDENDS DECLARED	$	0.09	$	0.08	$	0.27	$	0.24

See accompanying notes to unaudited consolidated financial statements.

2

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	For the Three Months Ended March 31,				For the Nine Months Ended March 31,
	2017		2016		2017			2016
	(In Thousands)				(In Thousands)
Net Income	$	852	$	774	$	2,617		$	2,396
Other Comprehensive Income (Loss), Net of Tax
Unrealized Holding Gain (Loss) on Securities Available-for-Sale,      Net of Tax of $40 and $282 in 2017, respectively, and $14 and $116 in 2016, respectively		78		27		(547	)		(224	)
Total Comprehensive Income	$	930	$	801	$	2,070		$	2,172

See accompanying notes to unaudited consolidated financial statements.

3

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

NINE MONTHS ENDED MARCH 31, 2017 AND 2016

(Unaudited)

	Common Stock			Additional Paid-in Capital		Unearned ESOP Stock			Unearned RRP Trust Stock			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Total Stockholders' Equity
BALANCE – June 30, 2015	$	25		$	33,375	$	(1,445	)	$	(333	)	$	11,664		$	100		$	43,386
Net Income		--			--		--			--			2,396			--			2,396
Changes in Unrealized Gain on     Securities Available-for-Sale,     Net of Tax Effects		--			--		--			--			--			(224	)		(224	)
RRP Shares Earned		--			36		--			67			--			--			103
Stock Options Vested		--			155		--			--			--			--			155
Common Stock Issuance for     Stock Option Exercises		--			91		--			--			--			--			91
ESOP Compensation Earned		--			108		86			--			--			--			194
Company Stock Purchased		(1	)		--		--			--			(2,722	)		--			(2,723	)
Dividends Declared		--			--		--			--			(500	)		--			(500	)
BALANCE – March 31, 2016	$	24		$	33,765	$	(1,359	)	$	(266	)	$	10,838		$	(124	)	$	42,878
BALANCE – June 30, 2016	$	23		$	33,863	$	(1,331	)	$	(265	)	$	11,018		$	84		$	43,392
Net Income		--			--		--			--			2,617			--			2,617
Changes in Unrealized Gain on      Securities Available-for-Sale,      Net of Tax Effects		--			--		--			--			--			(547	)		(547	)
RRP Shares Earned		--			9		--			219			--			--			228
Stock Options Vested		--			194		--			--			--			--			194
Common Stock Issuance for     Share Awards Earned		--			138		--			--			--			--			138
Common Stock Issuance for      Stock Option Exercises		--			61		--			--			--			--			61
ESOP Compensation Earned		--			131		87			--			--			--			218
Company Stock Purchased		--			--		--			--			(592	)		--			(592	)
Dividends Declared		--			--		--			--			(529	)		--			(529	)
BALANCE – March 31, 2017	$	23		$	34,396	$	(1,244	)	$	(46	)	$	12,514		$	(463	)	$	45,180

See accompanying notes to unaudited consolidated financial statements.

4

HOME FEDERAL BANCORP, INC. OF LOUISIANA
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Nine Months Ended
	March 31,
	2017			2016
	(In Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	2,617		$	2,396
Adjustments to Reconcile Net Income to Net
Cash Provided by Operating Activities
Net Amortization and Accretion on Securities		28			12
Gain on Sale of Real Estate		(110	)		--
Gain on Sale of Loans		(1,926	)		(1,744	)
Amortization of Deferred Loan Fees		(51	)		(53	)
Depreciation of Premises and Equipment		374			313
ESOP Expense		218			194
Stock Option Expense		194			155
Recognition and Retention Plan Expense		140			174
Share Awards Expense		104			58
Deferred Income Tax		(321	)		(107	)
Provision for Loan Losses		755			181
Increase in Cash Surrender Value on Bank Owned Life Insurance		(110	)		(120	)
Bad Debt Recovery		12			53
Changes in Assets and Liabilities:
Loans Held-for-Sale – Originations and Purchases		(79,773	)		(69,078	)
Loans Held-for-Sale – Sale and Principal Repayments		87,741			77,741
Accrued Interest Receivable		(88	)		(49	)
Other Operating Assets		38			159
Other Operating Liabilities		(276	)		(21	)
Net Cash Provided by Operating Activities		9,566			10,264
CASH FLOWS FROM INVESTING ACTIVITIES
Loan Originations and Purchases, Net of Principal Collections		(19,175	)		(14,141	)
Deferred Loan Fees Collected		105			22
Acquisition of Premises and Equipment		(376	)		(2,346	)
Proceeds from Sale of Real Estate		423			--
Activity in Available-for-Sale Securities:
Principal Payments on Mortgage-Backed Securities		10,335			8,038
Purchases of Securities		--			(5,992	)
Activity in Held-to-Maturity Securities:
Principal Payments on Mortgage-Backed Securities		1,109			--
Redemption Proceeds		--			509
Purchases of Securities		(27,674	)		(8	)
Net Cash Used In Investing Activities		(35,253	)		(13,918	)

See accompanying notes to unaudited consolidated financial statements.

5

HOME FEDERAL BANCORP, INC. OF LOUISIANA
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(Unaudited)
	Nine Months Ended
	March 31,
	2017			2016
	(In Thousands)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	$	38,622		$	4,415
Proceeds from Federal Home Loan Bank Advances		656,900			70,500
Repayments of Advances from Federal Home Loan Bank		(661,892	)		(81,684	)
Net Increase in Advances from Borrowers for Taxes and Insurance		(279	)		(100	)
Dividends Paid		(529	)		(500	)
Company Stock Purchased		(592	)		(2,717	)
Proceeds from Stock Options Exercised		61			85
Proceeds from other Bank Borrowings		300			1,800
Repayment of Other Borrowings		(700	)		(1,800	)
Recognition and Retention Plan Share Distributions		--			36
Net Cash Provided by (Used In) Financing Activities		31,891			(9,965	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		6,204			(13,619	)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD		4,756			21,166
CASH AND CASH EQUIVALENTS - END OF PERIOD	$	10,960		$	7,547
SUPPLEMENTARY CASH FLOW INFORMATION
Interest Paid on Deposits and Borrowed Funds	$	1,998		$	1,987
Income Taxes Paid		1,522			1,223
Market Value Adjustment for Loss on Securities Available-for-Sale		(829	)		(341	)

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 nine month period ended March 31, 2017 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 consolidated 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 March 31, 2017.  In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred through the date these consolidated 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 home 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 March 31, 2017, 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 of origination.

7

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.

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.

8

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

1.Summary of Accounting Policies (continued)

Allowance for Loan Losses (continued)

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.

9

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

1.Summary of Accounting Policies (continued)

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 March 31, 2017 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 May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606).  The amendments in ASU 2014-09 supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance.  The general principle of ASU 2014-09 requires an entity to recognize revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration of which the entity expects to be entitled in exchange for those goods or services.  The guidance sets forth a five step approach to be utilized for revenue recognition.  In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 making it effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period.  In April 2016, the FASB issued ASU 2016-10 which does not change the core principle of the guidance in Topic 606.  The amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas.  In May 2016, the FASB issued ASU 2016-12 which does not change the core principle of the guidance in Topic 606.  The amendments in this Update affect only certain narrow aspects of Topic 606.  Management is currently assessing the impact to the Company's consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments.  The amendments in this Update supersede the guidance to classify equity securities with readily determinable fair values into different categories and require equity securities to be measured at fair value with changes in the fair value recognized through net income.  The amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of impairment.  The amendments in this Update also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period.

In addition, the amendments in this Update exempt all entities that are not public business entities from disclosing fair value information for financial instruments measured at amortized cost.  In addition, for public business entities, the amendments supersede the requirement to disclose the methods and significant assumptions used in calculating the fair value of financial instruments required to be disclosed for financial instruments measured at amortized cost on the balance sheet.  The amendments in this Update require public business entities that are required to disclose fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion consistent with Topic 820, Fair Value Measurement.

The provisions within this Update require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option.  This amendment excludes from net income gains or losses that the entity may not realize because those financial liabilities are not usually transferred or settled at their fair values before maturity.  The amendments in this Update require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or in the accompanying notes to the financial statements.

11

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

1.Summary of Accounting Policies (continued)

Recent Accounting Pronouncements (continued)

For public business entities, the amendments in ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases.  From the lessee's perspective, the new standard establishes a right-of-use (ROU) model that requires a lessee to record ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months.  Leases will be classified as either finance or operating, with classification affecting pattern of expense recognition in the income statement for a lessee.  The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.  A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements, with certain practical expedients available.  The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718).  This Update is being issued as part of the Simplification Initiative.  The areas of simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows.  Some areas only apply to nonpublic entities.  For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods.  The adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates.  For public business entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.  The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.

In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323).   This Update addresses and codifies the practical considerations and application of the required disclosures under SAB Topic 11.M for the implementation of ASU 2014-09, Revenue from Contracts with Customers (Topic 606); ASU 2016-02, Leases (Topic 842); and ASU 2016-13, Financial Instruments-Credit Losses (Topic 326). The SEC Staff has emphasized on a number of occasions, including the December 2016 AICPA National Conference on Current SEC and PCAOB Developments, the requirements to disclose the potential material effects of newly issued standards and the importance of providing investors with this information. Such disclosures should explain the impact the new standard is expected to have on the financial statements and how the adoption of the new standard will affect comparability.  Entities should discuss both quantitative and qualitative information as available when assessing implementation of a new standard.  This ASU was effective immediately for public business entities.

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350).  The amendments in this Update eliminate Step 2 from the goodwill impairment test.  For public business entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2020.  The adoption of this standard is not expected to have a material impact on the Company's consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20).  This Update was issued in response to diversity in practice in the amortization period for premiums of callable debt securities and in how the potential for exercise of a call is factored into current impairment assessments.  As such, these amendments reduce the amortization period for certain callable debt securities carried at a premium and require the premium to be amortized over the period not to exceed the earliest call date.  These amendments do not apply to securities carried at a discount.  The effective date of this Update is for fiscal years beginning on or after December 15, 2018. The Company does not expect ASU 2017-08 to have a material impact on its consolidated financial statements.

12

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:

	March 31, 2017
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	9,345	$	6	$	382	$	8,969
FNMA Mortgage-Backed Certificates		21,184		273		392		21,065
GNMA Mortgage-Backed Certificates		9,170		3		209		8,964
Total Debt Securities		39,699		282		983		38,998
Total Securities Available-for-Sale	$	39,699	$	282	$	983	$	38,998
Securities Held-to-Maturity
Debt Securities
FNMA Mortgage-Backed Certificates	$	26,109	$	--	$	586	$	25,523
Equity Securities (Non-Marketable)
25,384 shares – Federal Home Loan Bank		2,538		--		--		2,538
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,788		--		--		2,788
Total Securities Held-to-Maturity	$	28,897	$	--	$	586	$	28,311

	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

13

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2.Securities (continued)

The amortized cost and fair value of securities by contractual maturity at March 31, 2017 follows:

	Available-for-Sale				Held-to-Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(In Thousands)
Debt Securities
Within One Year or Less	$	16	$	17	$	--	$	--
One through Five Years		60		62		--		--
After Five through Ten Years		62		64		--		--
Over Ten Years		39,561		38,855		26,109		25,523
		39,699		38,998		26,109		25,523
Other Equity Securities		--		--		2,788		2,788
Total	$	39,699	$	38,998	$	28,897	$	28,311

There were no sales of available-for-sale securities during the nine months ended March 31, 2017.

The following tables show information pertaining to gross unrealized losses on securities available-for-sale at March 31, 2017 and at June 30, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	March 31, 2017
	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	$	404	$	13,055	$	579	$	21,693
Total Securities Available-for-Sale	$	404	$	13,055	$	579	$	21,693

	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
Total Securities Available-for-Sale	$	147	$	17,852	$	354	$	12,066

Management evaluates each quarter whether unrealized losses on securities represent impairment that is other than temporary. For debt securities, the Company considers its intent to sell the securities or if it is more likely than not the Company will be required to sell the securities.  If such impairment is identified, based upon the intent to sell or the more likely than not threshold, the carrying amount of the security is reduced to fair value with a charge to earnings. Upon the result of the aforementioned review, management then reviews for potential other than temporary impairment based upon other qualitative factors. In making this evaluation, management considers changes in market rates relative to those available when the security was acquired, changes in market expectations about the timing of cash flows from securities that can be prepaid, performance of the debt security, and changes in the market's perception of the issuer's financial health and the security's credit quality.  If determined that a debt security has incurred other than temporary impairment, then the amount of the credit related impairment is determined.

14

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2.Securities (continued)

The unrealized losses as of March 31, 2017 and June 30, 2016 on the Company's investments were caused by interest rate changes.  Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Company has the ability and intent to hold these investments until a recovery of fair value, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired.

At March 31, 2017, securities with a carrying value of $920,000 were pledged to secure public deposits, and securities and mortgage loans with a carrying value of $205.4 million were pledged to secure FHLB advances.

3.Loans Receivable

Loans receivable are summarized as follows:

	March 31, 2017			June 30, 2016
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	120,446		$	118,035
Commercial		73,948			69,197
Multi-Family Residential		19,050			20,661
Land		24,399			24,308
Construction		13,821			14,442
Equity and Second Mortgage		1,486			1,526
Equity Lines of Credit		20,150			17,290
Total Mortgage Loans		273,300			265,459
Commercial Loans		35,540			27,886
Consumer Loans
Loans on Savings Accounts		377			404
Automobile and Other Consumer Loans		65			86
Total Consumer and Other Loans		442			490
Total Loans		309,282			293,835
Less:  Allowance for Loan Losses		(3,582	)		(2,845	)
Unamortized Loan Fees		(216	)		(163	)
Net Loans Receivable	$	305,484		$	290,827

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

	Nine Months Ended March 31,
	2017			2016
	(In Thousands)
Balance - Beginning of Period	$	2,845		$	2,515
Provision for Loan Losses		755			181
Loan Charge-Offs		(30	)		--
Recoveries		12			53
Balance - End of Period	$	3,582		$	2,749

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.

15

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 March 31, 2017 and June 30, 2016:

			Special
March 31, 2017	Pass		Mention		Substandard		Doubtful		Total
					(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	119,643	$	520	$	283	$	--	$	120,446
Commercial		73,687		--		261		--		73,948
Multi-Family Residential		19,050		--		--		--		19,050
Land		24,276		123		--		--		24,399
Construction		13,523		298		--		--		13,821
Equity and Second Mortgage		1,486		--		--		--		1,486
Equity Lines of Credit		20,150		--		--		--		20,150
Commercial Loans		33,027		--		2,513		--		35,540
Consumer Loans		442		--		--		--		442
Total	$	305,284	$	941	$	3,057	$	--	$	309,282

16

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 March 31, 2017 and June 30, 2016:

March 31, 2017	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	$	790	$	136	$	318	$	1,244	$	119,202	$	120,446	$	--
Commercial		--		--		--		--		73,948		73,948		--
Multi-Family Residential		--		--		--		--		19,050		19,050		--
Land		--		--		--		--		24,399		24,399		--
Construction		--		--		--		--		13,821		13,821		--
Equity and Second Mortgage		--		--		--		--		1,486		1,486		--
Equity Lines of Credit		132		--		--		132		20,018		20,150		--
Commercial Loans		9		--		2,513		2,522		33,018		35,540		--
Consumer Loans		--		--		--		--		442		442		--
Total	$	931	$	136	$	2,831	$	3,898	$	305,384	$	309,282	$	--

17

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 nine months ended March 31, 2017 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 nine months ended March 31, 2017 and year ended June 30, 2016 was approximately $73,675 and $1,000, respectively.

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the nine months ended March 31, 2017 was as follows:

	Real Estate Loans
March 31, 2017	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		--		--		--			(16	)		--		(14	)		--		--			(30	)
Recoveries		12		--		--			--			--		--			--		--			12
Current Provision		212		17		(31	)		14			31		35			485		(8	)		755
Ending Balances	$	1,741	$	338	$	80		$	199		$	157	$	138		$	929	$	--		$	3,582
Evaluated for Impairment:
Individually		--		--		--			--			--		--			--		--			--
Collectively		1,741		338		80			199			157		138			929		--			3,582
Loans Receivable:
Ending Balances – Total	$	120,446	$	73,948	$	19,050		$	24,399		$	13,821	$	21,636		$	35,540	$	442		$	309,282
Ending Balances:
Evaluated for Impairment:
Individually		803		261		--			123			298		--			2,513		--			3,998
Collectively	$	119,643	$	73,687	$	19,050		$	24,276		$	13,523	$	21,636		$	33,027	$	442		$	305,284

18

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 the nine months ended March 31, 2016 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
March 31, 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		53		--			--			--		--			--			--		--		53
Current Provision		251		(88	)		(20	)		47		(10	)		(77	)		72		6		181
Ending Balances	$	1,499	$	327		$	83		$	201	$	136		$	115		$	377	$	11	$	2,749
Evaluated for Impairment:
Individually		--		--			--			--		--			--			--		--		--
Collectively		1,499		327			83			201		136			115			377		11		2,749
Loans Receivable:
Ending Balances - Total	$	112,304	$	69,316		$	15,451		$	24,317	$	15,589		$	18,625		$	29,028	$	640	$	285,270
Ending Balances:
Evaluated for Impairment:
Individually		260		604			--			--		--			--			2,785		--		3,649
Collectively	$	112,044	$	68,712		$	15,451		$	24,317	$	15,589		$	18,625		$	26,243	$	640	$	281,621

19

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 March 31, 2017 and June 30, 2016:

March 31, 2017	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	$	803	$	803	$	--	$	803	$	--	$	807
Commercial		261		261		--		261		--		264
Multi-Family Residential		--		--		--		--		--		--
Land		123		123		--		123		--		126
Construction		298		298		--		298		--		299
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		2,513		2,513		--		2,513		--		2,649
Consumer Loans		--		--		--		--		--		--
Total	$	3,998	$	3,998	$	--	$	3,998	$	--	$	4,145

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 June 30, 2016. At March 31, 2017, the Bank had $4.7 million of troubled debt restructurings consisting of interest rate and payment term modifications for two commercial real estate loans to one borrower. Loan principal balances on these two loans were paid down from $4.7 million at the date of restructuring to $2.3 million at March 24, 2017, the date on which these loans were converted to Other Real Estate Owned. A summary of the loans that were restructured during the nine months ended March 31, 2017 and the year ended June 30, 2016 is as follows (in thousands):

March 31, 2017	Number of Contracts		Pre-Modification  Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		2	$	4,724	$	4,724
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		--	$	--	$	--

20

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

4.Deposits

Deposits at March 31, 2017 and June 30, 2016 consist of the following classifications:

	March 31, 2017		June 30, 2016
	(In Thousands)
Non-Interest Bearing	$	55,605	$	39,280
NOW Accounts		33,997		37,761
Money Markets		44,947		49,251
Passbook Savings		36,490		29,033
		171,039		155,325
Certificates of Deposit		155,405		132,497
Total Deposits	$	326,444	$	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 and nine months ended March 31, 2017 and 2016 were calculated as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
	(In Thousands, Except Per Share Data)
Net income	$	852	$	774	$	2,617	$	2,396
Weighted average shares outstanding - basic		1,819		1,851		1,814		1,892
Effect of dilutive common stock equivalents		109		63		88		66
Adjusted weighted average shares outstanding - diluted		1,928		1,914		1,902		1,958
Basic earnings per share	$	0.47	$	0.42	$	1.44	$	1.27
Diluted earnings per share	$	0.44	$	0.40	$	1.38	$	1.22

For the three months ended March 31, 2017 and 2016, there were outstanding options to purchase 301,334 and 304,952 shares, respectively, at a weighted average exercise price of $17.82 and $17.79 per share, respectively, and for the nine months ended March 31, 2017 and 2016, there were outstanding options to purchase 302,178 and 263,014 shares, respectively, at a weighted average exercise price of $17.81 and $16.88 per share, respectively. For the quarter ended March 31, 2017 and 2016, 109,145 options and 63,300 options, respectively, 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 March 31,						Nine Months Ended March 31
	2017			2016			2017			2016
	(In Thousands)
Average common shares issued		3,062			3,062			3,062			3,062
Average unearned ESOP shares		(125	)		(137	)		(129	)		(140	)
Average unearned RRP shares		(10	)		(25	)		(16	)		(32	)
Average Company stock purchased		(1,108	)		(1,049	)		(1,103	)		(998	)
Weighted average shares outstanding		1,819			1,851			1,814			1,892

21

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 March 31, 2017.

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 2011 Recognition Plan was $140,000, for the nine months ended March 31, 2017.

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 March 31, 2017.  Both incentive stock options and non-qualified stock options may be granted under the 2011 Option Plan.

22

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

6.Stock-Based Compensation (continued)

Stock Option Plan (continued)

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 March 31, 2017 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 nine months ended March 31, 2017, compensation expense under the Option Plans charged to operations was $101,000.

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. During the nine months ended March 31, 2017, the Company recognized $197,000 in expenses related to the Stock Incentive Plan.

7.Related Party Transactions

Certain directors and executive officers were indebted to the Bank in the approximate aggregate amounts of $2.8 million and $3.8 million at March 31, 2017 and June 30, 2016, respectively.

23

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

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.

24

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

8.Fair Value Disclosures (continued)

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

	March 31, 2017				June 30, 2016
	Carrying		Estimated		Carrying		Estimated
	Value		Fair Value		Value		Fair Value
	(In Thousands)
Financial Assets
Cash and Cash Equivalents	$	10,960	$	10,960	$	4,756	$	4,756
Securities Available-for-Sale		38,998		38,998		50,173		50,173
Securities to be Held-to-Maturity		28,897		28,311		2,349		2,349
Loans Held-for-Sale		5,877		5,877		11,919		11,919
Loans Receivable		305,484		296,017		290,827		290,339
Financial Liabilities
Deposits		326,444		310,268		287,822		285,503
Advances from FHLB		42,672		42,680		47,665		47,802
Off-Balance Sheet Items
Mortgage Loan Commitments		470		470		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.

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.

25

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

8.Fair Value Disclosures (continued)

● 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 nine months ended March 31, 2017.

Fair values of assets and liabilities measured on a recurring basis at March 31, 2017 and June 30, 2016 are as follows:

	Fair Value Measurements Using:
March 31, 2017	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	$	--	$	8,969	$	--	$	8,969
FNMA		--		21,065		--		21,065
GNMA		--		8,964		--		8,964
Total	$	--	$	38,998	$	--	$	38,998
Held-to-Maturity
Debt Securities
FNMA	$	--	$	25,523	$	--	$	25,523

	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

26

HOME FEDERAL BANCORP, INC. OF LOUISIANA

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

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 consolidated 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 March 31, 2017.  In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred through the date these consolidated financial statements were issued.

27

HOME FEDERAL BANCORP, INC. OF LOUISIANA

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 home office in Shreveport, Louisiana and six 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. The Bank's home office 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 March 31, 2017

General

At March 31, 2017, total assets amounted to $416.0 million compared to $381.7 million at June 30, 2016, an increase of approximately $34.3 million, or 9.0%. The increase in assets was comprised primarily of increases in investment securities of $15.4 million, or 29.3%, from $52.5 million at June 30, 2016 to $67.9 million at March 31, 2017, loans receivable, net of $14.7 million, or 5.0%, from $290.8 million at June 30, 2016 to $305.5 million at March 31, 2017, and an increase in cash and cash equivalents of $6.2 million, or 130.4%, from $4.8 million at June 30, 2016 to $11.0 million at March 31, 2017. These increases were partially offset by a decrease in loans held-for-sale of $6.0 million, or 50.7%, from $11.9 million at June 30, 2016 to $5.9 million at March 31, 2017.

28

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Discussion of Financial Condition Changes from June 30, 2016 to March 31, 2017 (continued)

Cash and Cash Equivalents

Cashand cash equivalents increased $6.2 million, or 130.4%, from $4.8 million at June 30, 2016 to $11.0 million at March 31, 2017. The $6.2 million increase in cash and cash equivalents was due in large part to an increase in deposits, partially offset by investment purchases net of investment principal payments, repayment of Federal Home Loan Bank borrowings, and normal cash fluctuations from lending and operating activities.

Loans Receivable, Net

Loans receivable, net, increased $14.7 million, or 5.0%, to $305.5 million at March 31, 2017 compared to $290.8 million at June 30, 2016.  During the nine months ended March 31, 2017, our total loan originations amounted to $215.7 million compared to $180.8 million for the nine months ended March 31, 2016.  The increase in loans receivable, net, was primarily due to increases in commercial business loans of $7.7 million, commercial real estate loans of $4.8 million, one- to four-family residential loans of $2.4 million, and home equity lines of credit of $2.9 million, partially offset by decreases in multi-family residential loans of $1.6 million, residential construction loans of $621,000, and an increase in the allowance for loan losses of $737,000.

Loans Held-for-Sale

Loans held-for-sale decreased $6.0 million, or 50.7%, from $11.9 million at June 30, 2016 to $5.9 million at March 31, 2017.  The decrease in loans held-for-sale resulted primarily from a decrease at March 31, 2017 in receivables from financial institutions purchasing the Company's loans held-for-sale.

Investment Securities

Investment securities amounted to $67.9 million at March 31, 2017 compared to $52.5 million at June 30, 2016, an increase of $15.4 million, or 29.3%. The increase in investment securities was primarily due to the purchase of $27.2 million of mortgage backed securities to be held-to-maturity, partially offset by principal payments on mortgage-backed securities of $11.4 million during the period. We chose to place the securities in held-to-maturity as part of our interest rate risk management strategy.

Premises and Equipment, Net

Premises and equipment, net, decreased $312,000, or 2.5%, to $12.1 million at March 31, 2017 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 in August 2016 with a cost basis of $313,000.

Asset Quality

At March 31, 2017, the Company had $6.5 million of non-performing assets (defined as non-accruing loans, accruing loans 90 days or more past due, and other real estate owned) compared to $114,000 of non-performing assets at June 30, 2016 consisting of two single-family residential loans, fifteen commercial business loans, and other real estate owned described below at March 31, 2017 compared to two single family residential loans at June 30, 2016. At March 31,2017, the Company had two single family residential loans, one commercial real estate loan, and fifteen commercial business loans to two borrowers classified as substandard compared to two single family residential loans, one commercial real estate loan and nine commercial business loans to one borrower at June 30, 2016. There were no loans classified as doubtful at March 31, 2017 or June 30, 2016. During the quarter ended December 31, 2016, we became aware that two borrowers related to the fifteen commercial business loans in the aggregate amount of $2.8 million that are classified as substandard filed for Chapter 11 (reorganization) bankruptcy protection during that period.  We received a principal payment in March 2017 for $272,000 reducing our exposure to $2.5 million and expect to continue to receive future monthly adequate protection payments. We are continuing to monitor these credits and presently believe that our allowance for loan losses at March 31, 2017 is adequate.  No additional losses are currently anticipated with respect to these loans.

29

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Discussion of Financial Condition Changes from June 30, 2016 to March 31, 2017 (continued)

There were three separate transactions during the quarter ended March 31, 2017 that totaled $3.7 million and were reflected in the balance of real estate owned at quarter-end.  Property securing a residential lot loan was foreclosed on and booked as real estate owned for $540,000 representing ninety percent of the appraisal value of $600,000.  A charge-off was posted to the allowance for loan losses in the amount of $15,500, which was the difference between the loan balance and the $540,000 posted to real estate owned.  During the quarter ended March 31, 2017, we also had a one- to four-family residence that was owner occupied which was booked for $270,000 as real estate owned.  We acquired ninety one- to four-family residential rental properties from one borrower by dation en paiement (deed in lieu of foreclosure) during the quarter ended March 31, 2017 and posted to real estate owned with a valuation of $2.9 million.  We currently believe there will be no material loss on the sale of these ninety one- to- four- family properties.  These properties are currently being marketed to investors.  As of the date hereof, 100.0% of such properties are under contract for sale.

Total Liabilities

Total liabilities increased $32.6 million, or 9.6%, from $338.3 million at June 30, 2016 to $370.9 million at March 31, 2017, primarily due to an increase in total deposits of $38.6 million, or 13.4%, to $326.4 million at March 31, 2017 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 $5.0 million, or 10.5%, to $42.7 million at March 31, 2017 compared to $47.7 million at June 30, 2016.  The increase in deposits was primarily due to a $16.3 million, or 41.5%, increase in non-interest bearing demand deposits from $39.3 million at June 30, 2016 to $55.6 million at March 31, 2017, a $22.9 million, or 17.3%, increase in certificates of deposit from $132.5 million at June 30, 2016 to $155.4 million at March 31, 2017, and a $7.5 million, or 25.7%, increase in savings deposits from $29.0 million at June 30, 2016 to $36.5 million at March 31, 2017, partially offset by a decrease of $3.8 million, or 10.1%, in NOW accounts from $37.8 million at June 30, 2016 to $34.0 million at March 31, 2017, and a decrease of $4.3 million, or 8.7%, in money market deposits from $49.3 million at June 30, 2016 to $44.9 million at March 31, 2017.  At March 31, 2017, the Company had $13.4 million in brokered deposits compared to $8.2 million at June 30, 2016.  The increase in brokered deposits is due to purchases of $10.0 million in brokered deposits during the nine months ended March 31, 2017, partially offset by $4.8 million of brokered deposits that had matured during the period. 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. The increase in certificates of deposit was primarily due to the acquisition of an $8.0 million certificate of deposit from one depositor.

Stockholders' Equity

Stockholders' equity increased $1.8, or 4.1%, to $45.2 million at March 31, 2017 from $43.4 million at June 30, 2016.  The primary reasons for the increase in stockholders' equity from June 30, 2016 were net income of $2.6 million, the vesting of restricted stock awards, stock options and the release of share awards, and the release of employee stock ownership plan shares totaling $639,000, and proceeds from the issuance of common stock from the exercise of stock options and release of share awards of $199,000.  These increases in stockholders' equity were partially offset by dividends paid totaling $529,000, acquisition of Company stock of $592,000, and a decrease in the Company's accumulated other comprehensive income of $547,000.

The Bank is required to meet minimum capital standards promulgated by the Office of the Comptroller of the Currency ("OCC").  At March 31, 2017, Home Federal Bank's regulatory capital was well in excess of the minimum capital requirements.

30

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three and Nine Month Periods Ended March 31, 2017 and 2016

General

Net income amounted to $852,000 for the three months ended March 31, 2017 compared to $774,000for the same period in 2016, an increase of $78,000, or 10.1%.  The increase was primarily due to a $302,000, or 9.4%, increase in net interest income, and a $10,000, or 1.3%, increase in non-interest income, partially offset by an increase of $119,000, or 4.3%, in non-interest expense, a $65,000, or 72.2%, increase in provision for loan losses, and a $50,000, or 13.2%, increase in the provision for income tax expense for the 2017 period compared to the same period in 2016.

Net income amounted to $2.6 million for the nine months ended March 31, 2017 compared to net income of $2.4 million for the same period in 2016, an increase of $221,000, or 9.2%. The increase was primarily due to a $903,000, or 9.5%, increase in net interest income and an increase of $416,000, or 18.0%, in non-interest income, partially offset by a $574,000, or 317.1%, increase in the provision for loan losses, a $439,000, or 5.5%, increase in non-interest expense, and an increase of $85,000, or 7.3%, in the provision for income tax expense.

The increases in net interest income for both the three and nine months ended March 31, 2017 were primarily due to increases in total interest income, partially offset by increases in the Company's cost of funds for the three and nine months ended March 31, 2017 compared to both prior year periods.

Net Interest Income

Net interest income for the three months ended March 31, 2017 was $3.5 million, an increase of $302,000, or 9.4%, in comparison to $3.2 million for the three months ended March 31, 2016.  This increase was primarily due to an increase of $370,000, or 9.6%, in total interest income, partially offset by an increase of $68,000, or 10.5%, in the Company's cost of funds. The cost of funds from Federal Home Loan Bank borrowings increased $55,000, or 90.2%, compared to the prior year three month period and interest paid on deposits increased $18,000, or 3.1%, compared to the prior year three month period. Interest paid on other borrowings decreased $5,000 compared to the prior year three month period. The Company's average interest rate spread was 3.44% for the three months ended March 31, 2017 compared to 3.57% for the three months ended March 31, 2016.  The Company's net interest margin was 3.62% for the three months ended March 31, 2017 compared to 3.75% for the three months ended March 31, 2016.  The decrease in the average interest rate spread on a comparative quarterly basis was primarily the result of a decrease of fifteen basis points in average rate on interest-earning assets. The decrease in net interest margin was primarily the result of a higher percentage increase in the average volume of interest-earning assets for the three months ended March 31, 2017 compared to the prior year quarterly period.

Net interest income for the nine months ended March 31, 2017 was $10.4 million, an increase of $903,000, or 9.5%, in comparison to the nine months ended March 31, 2016.  The increase in net interest income for the nine month period was primarily due to a $930,000, or 8.1%, increase in total interest income, partially offset by an increase of $27,000, or 1.4%, in interest expense on borrowings and deposits due to a $114,000 increase in cost of funds from FHLB borrowings, partially offset by an $83,000 decrease in interest paid on deposits.  The Company's average interest rate spread was 3.50% for the nine months ended March 31, 2017, compared to 3.47% for the nine months ended March 31, 2016. The Company's net interest margin was 3.68% for the nine months ended March 31, 2017, compared to 3.66% for the nine months ended March 31, 2016. The increase in the average interest rate spread is attributable primarily to a decrease of six basis points in average rate on interest bearing liabilities. The increase in net interest margin was primarily the result of a lower percentage increase in the average volume of interest earning assets for the nine months ended March 31, 2017 compared to the prior nine month period.

31

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three and Nine Month Periods Ended March 31, 2017 and 2016 (continued)

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 $155,000 and $755,000 was made during the three and nine months ended March 31, 2017, respectively, compared to a $90,000 and $181,000 provision made during the three and nine months ended March 31, 2016, respectively. The allowance for loan losses was $3.6 million, or 1.16% of total loans receivable, at March 31, 2017 compared to $2.8 million, or 0.97% of total loans receivable, at June 30, 2016.

At March 31, 2017, the Company had $6.5 million of non-performing assets compared to $114,000 of non-performing assets at June 30, 2016 consisting of two single-family residential loans, fifteen commercial business loans, and other real estate owned at March 31, 2017 compared to two single family residential loans, one commercial real estate loan and nine commercial business loans to one borrower at June 30, 2016. At March 31, 2017, the Company had two single family residential loans, one commercial real estate loan, and fifteen commercial business loans to two borrowers classified as substandard compared to two single family residential loans, one commercial real estate loan and nine commercial business loans to one borrower at June 30, 2016. There were no loans classified as doubtful at March 31, 2017 or June 30, 2016. During the quarter ended December 31, 2016, we became aware that two borrowers related to the fifteen commercial business loans in the aggregate amount of $2.8 million that are classified as substandard filed for Chapter 11 (reorganization) bankruptcy protection during that period. We received a principal payment in March 2017 for $272,000 reducing our exposure to $2.5 million and expect to continue to receive future monthly adequate protection payments.  We are continuing to monitor these credits and presently believe that our allowance for loan losses at March 31, 2017 is adequate.  No additional losses are currently anticipated with respect to these loans.

Non-interest Income

Total non-interest income amounted to $785,000 for the three months ended March 31, 2017, an increase of $10,000, or 1.3%, compared to $775,000 for the same period in 2016.  The increase was due to increases of $56,000 in service charges on deposit accounts and $6,000 in other non-interest income, partially offset by a decrease of $49,000 in gain on sale of loans, and a decrease of $3,000 in income from bank owned life insurance compared to the same period in 2016.

Total non-interest income amounted to $2.7 million for the nine months ended March 31, 2017, an increase of $416,000, or 18.0%, compared to $2.3 million for the same period in 2016.  The increase was primarily due to increases of $182,000 in gain on sale of loans, $131,000 in service charges on deposit accounts, and $110,000 in gain on sale of real estate, partially offset by a $10,000 decrease in income from bank owned life insurance compared to the same period in 2016.

32

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three and Nine Month Periods Ended March 31, 2017 and 2016 (continued)

Non-interest Expense

Total non-interest expense increased $119,000, or 4.3%, for the three months ended March 31, 2017 compared to the prior year period.  The increase in non-interest expense was primarily due to increases of $66,000 in advertising expense, $32,000 in other non-interest expense, $29,000 in compensation and benefits expense, $29,000 in occupancy and equipment expense, $18,000 in loan and collection expense, and $8,000 in franchise and bank shares tax expense. The increases were partially offset by decreases of $33,000 in legal fees, $18,000 in deposit insurance premiums, and $12,000 in data processing expense.

Total non-interest expense increased $439,000, or 5.5%, for the nine months ended March 31, 2017 compared to the prior year period. The increase in non-interest expense for the nine months ended March 31, 2017, compared to the same period in 2016, is primarily attributable to increases of $178,000 in compensation and benefits expense, $133,000 in occupancy and equipment expense, $106,000 in advertising expense, $49,000 in loan collection expense, $26,000 in franchise and bank shares tax expense, $25,000 in data processing expense, and $18,000 in other non-interest expense.  These increases were partially offset by decreases of $73,000 in deposit insurance premiums, and $23,000 in legal fees.

The increase in occupancy and equipment expense for both the three and nine months ended March 31, 2017, 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 increases in stock option and plan share award 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 $187,000 and $654,000 for the three and nine months ended March 31, 2017 compared to $217,000 and $581,000 for the three and nine months ended March 31, 2016.

The Louisiana bank shares tax is assessed on the Bank's equity and earnings.  For the three and nine months ended March 31, 2017, the Company recognized franchise and bank shares tax expense of $91,000 and $292,000 compared to $83,000 and $266,000, respectively, for the same periods in 2016.

Income Taxes

Income taxes amounted to $428,000 and $1.2 million for the three and nine months ended March 31, 2017 resulting in an effective tax rate of 33.4% and 32.2%, respectively. Income taxes amounted to $378,000 and $1.2 million for the three and nine months ended March 31, 2016, respectively, resulting in an effective tax rate of 32.8% and 32.6%.  The increase or decrease in the effective income tax rates for the three and nine months ended March 31, 2017, is primarily the result of the effect of non-taxable income changes and deferred tax asset valuation account adjustments.

33

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three and Nine Month Periods Ended March 31, 2017 and 2016 (continued)

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 March 31,
	2017							2016
	Average Balance		Interest		Average Yield/ Rate			Average Balance		Interest		Average Yield/ Rate
	(Dollars In Thousands)
Interest-earning assets:
Investment securities	$	67,973	$	309		1.82	%	$	43,007	$	199		1.85	%
Loans receivable		314,730		3,912		4.97			288,028		3,644		5.06
Interest-earning deposits		6,496		11		0.68			12,288		19		0.62
Total interest-earning assets		389,199		4,232		4.35	%		343,323		3,862		4.50	%
Non-interest-earning assets		26,331							23,670
Total assets	$	415,530						$	366,993
Interest-bearing liabilities:
Savings accounts	$	35,880		45		0.50	%	$	25,219		25		0.39	%
NOW accounts		33,687		46		0.54			35,779		70		0.79
Money market accounts		44,773		34		0.31			48,296		37		0.31
Certificate accounts		147,641		466		1.26			139,644		441		1.26
Total interest-bearing deposits		261,981		591		0.90			248,938		573		0.92
Other bank borrowings		467		6		4.65			940		11		4.68
FHLB advances		51,827		116		0.90			26,574		61		0.92
Total interest-bearing liabilities		314,275		713		0.91	%		276,452		645		0.93	%
Non-interest-bearing liabilities:
Non-interest bearing demand accounts		51,435							43,816
Other liabilities		1,920							2,172
Total liabilities		367,630							322,440
Total Stockholders' Equity(1)		47,900							44,553
Total liabilities and equity	$	415,530						$	366,993
Net interest-earning assets	$	74,924						$	66,871
Net interest income; average interest rate spread(2)			$	3,519		3.44	%			$	3,217		3.57	%
Net interest margin(3)						3.62	%						3.75	%
Average interest-earning assets to average   interest-bearing liabilities						123.84	%						124.19	%

 __________________

(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.

34

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three and Nine Month Periods Ended March 31, 2017 and 2016 (continued)

	Nine Months Ended March 31,
	2017							2016
	Average Balance		Interest		Average Yield/ Rate			Average Balance		Interest		Average Yield/ Rate
	(Dollars In Thousands)
Interest-earning assets:
Investment securities	$	61,846	$	766		1.65	%	$	42,737	$	586		1.83	%
Loans receivable		309,292		11,600		5.00			282,948		10,821		5.10
Interest-earning deposits		5,207		23		0.59			19,657		52		0.35
Total interest-earning assets		376,345		12,389		4.39	%		345,342		11,459		4.42	%
Non-interest-earning assets		26,333							23,769
Total assets	$	402,678						$	369,111
Interest-bearing liabilities:
Savings accounts	$	32,886		114		0.46	%	$	22,511		63		0.37	%
NOW accounts		34,713		144		0.55			35,175		224		0.85
Money market accounts		46,246		109		0.32			47,544		109		0.31
Certificate accounts		140,609		1,327		1.26			143,563		1,381		1.28
Total interest-bearing deposits		254,454		1,694		0.89			248,793		1,777		0.95
Other bank borrowings		472		14		4.24			559		18		4.29
FHLB advances		46,914		300		0.85			27,751		186		0.89
Total interest-bearing liabilities	$	301,840		2,008		0.89	%	$	277,103		1,981		0.95	%
Non-interest-bearing liabilities:
Non-interest bearing demand accounts		50,646							44,210
Other liabilities		2,749							2,384
Total liabilities		355,235							323,697
Total Stockholders' Equity(1)		47,443							45,414
Total liabilities and equity	$	402,678						$	369,111
Net interest-earning assets	$	74,505						$	68,239
Net interest income; average interest rate spread(2)			$	10,381		3.50	%			$	9,478		3.47	%
Net interest margin(3)						3.68	%						3.66	%
Average interest-earning assets to average   interest-bearing liabilities						124.68	%						124.63	%

 __________________

(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.

35

HOME FEDERAL BANCORP, INC. OF LOUISIANA

Comparison of Operating Results for the Three Month Periods Ended March 31, 2017 and 2016 (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 $382,000 at March 31, 2017.

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 March 31, 2017, Home Federal Bank had $42.7 million in advances from the Federal Home Loan Bank of Dallas and had $141.0 million in additional borrowing capacity.  Additionally, at March 31, 2017, 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 March 31, 2017.

At March 31, 2017, Home Federal Bank had outstanding loan commitments of $47.0 million to originate loans.  At March 31, 2017, certificates of deposit scheduled to mature in less than one year totaled $63.3 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 March 31, 2017, Home Federal Bank exceeded each of its regulatory capital requirements with tangible, common equity Tier 1, core, and risk-based capital ratios of 11.01%, 16.02%, 11.01%, and 17.27%, respectively.

Off-Balance Sheet Arrangements

At March 31, 2017, 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.

36

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.

37

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 March 31, 2017 are set forth in the table below:

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) (b)
January 1, 2017 – January 31, 2017		1,810	$	27.66		1,810		105,723
February 1, 2017 – February 28, 2017		--		--		--		--
March 1, 2017 – March 31, 2017		--		--		--		--
Total		1,810	$	27.66		1,810		105.723

______________

Notes to this table:

(a) On December 9, 2015, the Company announced that its Board of Directors approved a sixth stock repurchase program to repurchase up to 102,000 shares or approximately 5.0% of the Company's then outstanding shares of common stock. The repurchase program does not have an expiration date.

(b) On October 12, 2016, the Company announced that its Board of Directors  approved a seventh stock repurchase program for the repurchase of up to 97,000 shares to commence after the completion of the sixth stock repurchase program.

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 Principal Executive Officer
31.2	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

38

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:   May 12, 2017	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:  May 12, 2017
	/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.

Date:  May 12, 2017
	/s/ Glen W. Brown
	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 March 31, 2017 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:  May 12, 2017	/s/ James R. Barlow
	James R. Barlow
	President and Chief Executive Officer (Principal Executive Officer)

Date:  May 12, 2017	/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	9 Months Ended
	Mar. 31, 2017	May 11, 2017
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		1,952,266
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
ASSETS
Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $2,543 and $2,529 for March 31, 2017 and June 30, 2016, Respectively)	$ 10,960	$ 4,756
Securities Available-for-Sale	38,998	50,173
Securities Held-to-Maturity (Fair Value of $28,311 and $2,349, Respectively	28,897	2,349
Loans Held-for-Sale	5,877	11,919
Loans Receivable, Net of Allowance for Loan Losses of $3,582 and $2,845, Respectively	305,484	290,827
Accrued Interest Receivable	1,112	1,024
Premises and Equipment, Net	12,054	12,366
Bank Owned Life Insurance	6,633	6,523
Deferred Tax Asset	1,587	984
Other Real Estate Owned	3,696	0
Other Assets	743	780
Total Assets	416,041	381,701
LIABILITIES
Deposits	326,444	287,822
Advances from Borrowers for Taxes and Insurance	437	716
Advances from Federal Home Loan Bank of Dallas	42,672	47,665
Other Bank Borrowings	0	400
Other Accrued Expenses and Liabilities	1,308	1,706
Total Liabilities	370,861	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; 1,954,158 and 1,967,955 Shares Issued and Outstanding at March 31, 2017 and June 30, 2016, Respectively	23	23
Additional Paid-in Capital	34,396	33,863
Unearned ESOP Stock	(1,244)	(1,331)
Unearned RRP Trust Stock	(46)	(265)
Retained Earnings	12,514	11,018
Accumulated Other Comprehensive (Loss) Income	(463)	84
Total Stockholders' Equity	45,180	43,392
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 416,041	$ 381,701

XML

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
ASSETS
Interest-Bearing Deposits with Other Banks	$ 2,543	$ 2,529
Securities Held-to-Maturity, Fair Value	28,311	2,349
Loans Receivable, Allowance for Loan Losses	$ 3,582	$ 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)	1,954,158	1,967,955
Common Stock, Outstanding (in shares)	1,954,158	1,967,955

XML

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
INTEREST INCOME
Loans, Including Fees	$ 3,912	$ 3,644	$ 11,600	$ 10,821
Investment Securities	7	4	20	7
Mortgage-Backed Securities	302	195	746	579
Other Interest-Earning Assets	11	19	23	52
Total Interest Income	4,232	3,862	12,389	11,459
INTEREST EXPENSE
Deposits	591	573	1,694	1,777
Federal Home Loan Bank Borrowings	116	61	300	186
Other Bank Borrowings	6	11	14	18
Total Interest Expense	713	645	2,008	1,981
Net Interest Income	3,519	3,217	10,381	9,478
PROVISION FOR LOAN LOSSES	155	90	755	181
Net Interest Income after Provision for Loan Losses	3,364	3,127	9,626	9,297
NON-INTEREST INCOME
Gain on Sale of Loans	541	590	1,926	1,744
Gain on Sale of Real Estate	0	0	110	0
Income on Bank Owned Life Insurance	36	39	110	120
Service Charges on Deposit Accounts	194	138	541	410
Other Income	14	8	37	34
Total Non-Interest Income	785	775	2,724	2,308
NON-INTEREST EXPENSE
Compensation and Benefits	1,778	1,749	5,237	5,059
Occupancy and Equipment	304	275	922	789
Data Processing	128	140	442	417
Audit and Examination Fees	56	56	189	189
Franchise and Bank Shares Tax	91	83	292	266
Advertising	121	55	287	181
Legal Fees	100	133	328	351
Loan and Collection	92	74	240	191
Deposit Insurance Premium	27	45	92	165
Other Expense	172	140	461	443
Total Non-Interest Expense	2,869	2,750	8,490	8,051
Income Before Income Taxes	1,280	1,152	3,860	3,554
PROVISION FOR INCOME TAX EXPENSE	428	378	1,243	1,158
Net Income	$ 852	$ 774	$ 2,617	$ 2,396
EARNINGS PER SHARE:
Basic (in dollars per share)	$ 0.47	$ 0.42	$ 1.44	$ 1.27
Diluted (in dollars per share)	0.44	0.40	1.38	1.22
DIVIDENDS DECLARED (in dollars per share)	$ 0.09	$ 0.08	$ 0.27	$ 0.24

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) [Abstract]
Net Income	$ 852	$ 774	$ 2,617	$ 2,396
Other Comprehensive Income (Loss), Net of Tax
Unrealized Holding Gain (Loss) on Securities Available-for-Sale, Net of Tax of $40 and $282 in 2017, respectively, and $14 and $116 in 2016, respectively	78	27	(547)	(224)
Total Comprehensive Income	$ 930	$ 801	$ 2,070	$ 2,172

XML

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Other Comprehensive Income (Loss), Net of Tax
Unrealized Holding Gain (Loss) on Securities Available-for-Sale, Tax	$ 40	$ 14	$ (282)	$ (116)

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	2,396	0	2,396
Changes in Unrealized Gain on Securities Available-for-Sale, Net of Tax Effects	0	0	0	0	0	(224)	(224)
RRP Shares Earned	0	36	0	67	0	0	103
Stock Options Vested	0	155	0	0	0	0	155
Common Stock Issuance for Stock Option Exercises	0	91	0	0	0	0	91
ESOP Compensation Earned	0	108	86	0	0	0	194
Company Stock Purchased	(1)	0	0	0	(2,722)	0	(2,723)
Dividends Declared	0	0	0	0	(500)	0	(500)
Ending Balance at Mar. 31, 2016	24	33,765	(1,359)	(266)	10,838	(124)	42,878
Beginning Balance at Jun. 30, 2016	23	33,863	(1,331)	(265)	11,018	84	43,392
Net Income	0	0	0	0	2,617	0	2,617
Changes in Unrealized Gain on Securities Available-for-Sale, Net of Tax Effects	0	0	0	0	0	(547)	(547)
RRP Shares Earned	0	9	0	219	0	0	228
Stock Options Vested	0	194	0	0	0	0	194
Common Stock Issuance for Share Awards Earned	0	138	0	0	0	0	138
Common Stock Issuance for Stock Option Exercises	0	61	0	0	0	0	61
ESOP Compensation Earned	0	131	87	0	0	0	218
Company Stock Purchased	0	0	0	0	(592)	0	(592)
Dividends Declared	0	0	0	0	(529)	0	(529)
Ending Balance at Mar. 31, 2017	$ 23	$ 34,396	$ (1,244)	$ (46)	$ 12,514	$ (463)	$ 45,180

XML

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 2,617	$ 2,396
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Net Amortization and Accretion on Securities	28	12
Gain on Sale of Real Estate	(110)	0
Gain on Sale of Loans	(1,926)	(1,744)
Amortization of Deferred Loan Fees	(51)	(53)
Depreciation of Premises and Equipment	374	313
ESOP Expense	218	194
Stock Option Expense	194	155
Recognition and Retention Plan Expense	140	174
Share Awards Expense	104	58
Deferred Income Tax	(321)	(107)
Provision for Loan Losses	755	181
Increase in Cash Surrender Value on Bank Owned Life Insurance	(110)	(120)
Bad Debt Recovery	12	53
Changes in Assets and Liabilities:
Loans Held-for-Sale - Originations and Purchases	(79,773)	(69,078)
Loans Held-for-Sale - Sale and Principal Repayments	87,741	77,741
Accrued Interest Receivable	(88)	(49)
Other Operating Assets	38	159
Other Operating Liabilities	(276)	(21)
Net Cash Provided by Operating Activities	9,566	10,264
CASH FLOWS FROM INVESTING ACTIVITIES
Loan Originations and Purchases, Net of Principal Collections	(19,175)	(14,141)
Deferred Loan Fees Collected	105	22
Acquisition of Premises and Equipment	(376)	(2,346)
Proceeds from Sale of Real Estate	423	0
Activity in Available-for-Sale Securities:
Principal Payments on Mortgage-Backed Securities	10,335	8,038
Purchases of Securities	0	(5,992)
Activity in Held-to-Maturity Securities:
Principal Payments on Mortgage-Backed Securities	1,109	0
Redemption Proceeds	0	509
Purchases of Securities	(27,674)	(8)
Net Cash Used In Investing Activities	(35,253)	(13,918)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	38,622	4,415
Proceeds from Federal Home Loan Bank Advances	656,900	70,500
Repayments of Advances from Federal Home Loan Bank	(661,892)	(81,684)
Net Increase in Advances from Borrowers for Taxes and Insurance	(279)	(100)
Dividends Paid	(529)	(500)
Company Stock Purchased	(592)	(2,717)
Proceeds from Stock Options Exercised	61	85
Proceeds from other Bank Borrowings	300	1,800
Repayment of Other Borrowings	(700)	(1,800)
Recognition and Retention Plan Share Distributions	0	36
Net Cash Provided by (Used In) Financing Activities	31,891	(9,965)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,204	(13,619)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	4,756	21,166
CASH AND CASH EQUIVALENTS - END OF PERIOD	10,960	7,547
SUPPLEMENTARY CASH FLOW INFORMATION
Interest Paid on Deposits and Borrowed Funds	1,998	1,987
Income Taxes Paid	1,522	1,223
Market Value Adjustment for Loss on Securities Available-for-Sale	$ (829)	$ (341)

XML

Summary of Accounting Policies

9 Months Ended

Mar. 31, 2017

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 nine month period ended March 31, 2017 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 consolidated 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 March 31, 2017.  In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred through the date these consolidated 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 home 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 March 31, 2017, 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 of origination.

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.

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 March 31, 2017 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 May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606).  The amendments in ASU 2014-09 supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance.  The general principle of ASU 2014-09 requires an entity to recognize revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration of which the entity expects to be entitled in exchange for those goods or services.  The guidance sets forth a five step approach to be utilized for revenue recognition.  In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 making it effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period.  In April 2016, the FASB issued ASU 2016-10 which does not change the core principle of the guidance in Topic 606.  The amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas.  In May 2016, the FASB issued ASU 2016-12 which does not change the core principle of the guidance in Topic 606.  The amendments in this Update affect only certain narrow aspects of Topic 606.  Management is currently assessing the impact to the Company’s consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments.  The amendments in this Update supersede the guidance to classify equity securities with readily determinable fair values into different categories and require equity securities to be measured at fair value with changes in the fair value recognized through net income.  The amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of impairment.  The amendments in this Update also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period.

In addition, the amendments in this Update exempt all entities that are not public business entities from disclosing fair value information for financial instruments measured at amortized cost.  In addition, for public business entities, the amendments supersede the requirement to disclose the methods and significant assumptions used in calculating the fair value of financial instruments required to be disclosed for financial instruments measured at amortized cost on the balance sheet.  The amendments in this Update require public business entities that are required to disclose fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion consistent with Topic 820, Fair Value Measurement.

The provisions within this Update require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option.  This amendment excludes from net income gains or losses that the entity may not realize because those financial liabilities are not usually transferred or settled at their fair values before maturity.  The amendments in this Update require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or in the accompanying notes to the financial statements.

For public business entities, the amendments in ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases.  From the lessee’s perspective, the new standard establishes a right-of-use (ROU) model that requires a lessee to record ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months.  Leases will be classified as either finance or operating, with classification affecting pattern of expense recognition in the income statement for a lessee.  The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.  A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements, with certain practical expedients available.  The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718).  This Update is being issued as part of the Simplification Initiative.  The areas of simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows.  Some areas only apply to nonpublic entities.  For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods.  The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates.  For public business entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.  The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323).   This Update addresses and codifies the practical considerations and application of the required disclosures under SAB Topic 11.M for the implementation of ASU 2014-09, Revenue from Contracts with Customers (Topic 606); ASU 2016-02, Leases (Topic 842); and ASU 2016-13, Financial Instruments-Credit Losses (Topic 326). The SEC Staff has emphasized on a number of occasions, including the December 2016 AICPA National Conference on Current SEC and PCAOB Developments, the requirements to disclose the potential material effects of newly issued standards and the importance of providing investors with this information. Such disclosures should explain the impact the new standard is expected to have on the financial statements and how the adoption of the new standard will affect comparability.  Entities should discuss both quantitative and qualitative information as available when assessing implementation of a new standard.  This ASU was effective immediately for public business entities.

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350).  The amendments in this Update eliminate Step 2 from the goodwill impairment test.  For public business entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2020.  The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20).  This Update was issued in response to diversity in practice in the amortization period for premiums of callable debt securities and in how the potential for exercise of a call is factored into current impairment assessments.  As such, these amendments reduce the amortization period for certain callable debt securities carried at a premium and require the premium to be amortized over the period not to exceed the earliest call date.  These amendments do not apply to securities carried at a discount.  The effective date of this Update is for fiscal years beginning on or after December 15, 2018. The Company does not expect ASU 2017-08 to have a material impact on its consolidated financial statements.

XML

Securities

9 Months Ended

Mar. 31, 2017

Securities [Abstract]

Securities

2. Securities

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

	March 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	9,345	$	6	$	382	$	8,969
FNMA Mortgage-Backed Certificates		21,184		273		392		21,065
GNMA Mortgage-Backed Certificates		9,170		3		209		8,964
Total Debt Securities		39,699		282		983		38,998
Total Securities Available-for-Sale	$	39,699	$	282	$	983	$	38,998
Securities Held-to-Maturity
Debt Securities
FNMA Mortgage-Backed Certificates	$	26,109	$	--	$	586	$	25,523
Equity Securities (Non-Marketable)
25,384 shares – Federal Home Loan Bank		2,538		--		--		2,538
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,788		--		--		2,788
Total Securities Held-to-Maturity	$	28,897	$	--	$	586	$	28,311

	June 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair 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 March 31, 2017 follows:

	Available-for-Sale				Held-to-Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In Thousands)
Debt Securities
Within One Year or Less	$	16	$	17	$	--	$	--
One through Five Years		60		62		--		--
After Five through Ten Years		62		64		--		--
Over Ten Years		39,561		38,855		26,109		25,523
		39,699		38,998		26,109		25,523
Other Equity Securities		--		--		2,788		2,788
Total	$	39,699	$	38,998	$	28,897	$	28,311

There were no sales of available-for-sale securities during the nine months ended March 31, 2017.

The following tables show information pertaining to gross unrealized losses on securities available-for-sale at March 31, 2017 and at June 30, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	March 31, 2017
	Less Than Twelve Months				Over Twelve Months
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	404	$	13,055	$	579	$	21,693
Total Securities Available-for-Sale	$	404	$	13,055	$	579	$	21,693

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

Management evaluates each quarter whether unrealized losses on securities represent impairment that is other than temporary. For debt securities, the Company considers its intent to sell the securities or if it is more likely than not the Company will be required to sell the securities.  If such impairment is identified, based upon the intent to sell or the more likely than not threshold, the carrying amount of the security is reduced to fair value with a charge to earnings. Upon the result of the aforementioned review, management then reviews for potential other than temporary impairment based upon other qualitative factors. In making this evaluation, management considers changes in market rates relative to those available when the security was acquired, changes in market expectations about the timing of cash flows from securities that can be prepaid, performance of the debt security, and changes in the market’s perception of the issuer’s financial health and the security’s credit quality.  If determined that a debt security has incurred other than temporary impairment, then the amount of the credit related impairment is determined.

The unrealized losses as of March 31, 2017 and June 30, 2016 on the Company’s investments were caused by interest rate changes.  Because the decline in market value is attributable to changes in interest rates and not credit quality, and because the Company has the ability and intent to hold these investments until a recovery of fair value, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired.

At March 31, 2017, securities with a carrying value of $920,000 were pledged to secure public deposits, and securities and mortgage loans with a carrying value of $205.4 million were pledged to secure FHLB advances.

XML

Loans Receivable

9 Months Ended

Mar. 31, 2017

Loans Receivable [Abstract]

Loans Receivable

3. Loans Receivable

Loans receivable are summarized as follows:

	March 31, 2017			June 30, 2016
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	120,446		$	118,035
Commercial		73,948			69,197
Multi-Family Residential		19,050			20,661
Land		24,399			24,308
Construction		13,821			14,442
Equity and Second Mortgage		1,486			1,526
Equity Lines of Credit		20,150			17,290
Total Mortgage Loans		273,300			265,459
Commercial Loans		35,540			27,886
Consumer Loans
Loans on Savings Accounts		377			404
Automobile and Other Consumer Loans		65			86
Total Consumer and Other Loans		442			490
Total Loans		309,282			293,835
Less:   Allowance for Loan Losses		(3,582	)		(2,845	)
Unamortized Loan Fees		(216	)		(163	)
Net Loans Receivable	$	305,484		$	290,827

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

	Nine Months Ended March 31,
	2017			2016
	(In Thousands)
Balance - Beginning of Period	$	2,845		$	2,515
Provision for Loan Losses		755			181
Loan Charge-Offs		(30	)		--
Recoveries		12			53
Balance - End of Period	$	3,582		$	2,749

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 March 31, 2017 and June 30, 2016:

March 31, 2017	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family    Residential	$	119,643	$	520	$	283	$	--	$	120,446
Commercial		73,687		--		261		--		73,948
Multi-Family Residential		19,050		--		--		--		19,050
Land		24,276		123		--		--		24,399
Construction		13,523		298		--		--		13,821
Equity and Second Mortgage		1,486		--		--		--		1,486
Equity Lines of Credit		20,150		--		--		--		20,150
Commercial Loans		33,027		--		2,513		--		35,540
Consumer Loans		442		--		--		--		442
Total	$	305,284	$	941	$	3,057	$	--	$	309,282

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 March 31, 2017 and June 30, 2016:

March 31, 2017	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	$	790	$	136	$	318	$	1,244	$	119,202	$	120,446	$	--
Commercial		--		--		--		--		73,948		73,948		--
Multi-Family Residential		--		--		--		--		19,050		19,050		--
Land		--		--		--		--		24,399		24,399		--
Construction		--		--		--		--		13,821		13,821		--
Equity and Second Mortgage		--		--		--		--		1,486		1,486		--
Equity Lines of Credit		132		--		--		132		20,018		20,150		--
Commercial Loans		9		--		2,513		2,522		33,018		35,540		--
Consumer Loans		--		--		--		--		442		442		--
Total	$	931	$	136	$	2,831	$	3,898	$	305,384	$	309,282	$	--

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 nine months ended March 31, 2017 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 nine months ended March 31, 2017 and year ended June 30, 2016 was approximately $73,675 and $1,000, respectively.

The change in the allowance for loan losses by loan portfolio class and recorded investment in loans for the nine months ended March 31, 2017 was as follows:

	Real Estate Loans
March 31, 2017	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		--		--		--			(16	)		--		(14	)		--		--			(30	)
Recoveries		12		--		--			--			--		--			--		--			12
Current Provision		212		17		(31	)		14			31		35			485		(8	)		755
Ending Balances	$	1,741	$	338	$	80		$	199		$	157	$	138		$	929	$	--		$	3,582
Evaluated for Impairment:
Individually		--		--		--			--			--		--			--		--			--
Collectively		1,741		338		80			199			157		138			929		--			3,582
Loans Receivable:
Ending Balances – Total	$	120,446	$	73,948	$	19,050		$	24,399		$	13,821	$	21,636		$	35,540	$	442		$	309,282
Ending Balances:
Evaluated for Impairment:
Individually		803		261		--			123			298		--			2,513		--			3,998
Collectively	$	119,643	$	73,687	$	19,050		$	24,276		$	13,523	$	21,636		$	33,027	$	442		$	305,284

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 the nine months ended March 31, 2016 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
March 31, 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		53		--			--			--		--			--			--		--		53
Current Provision		251		(88	)		(20	)		47		(10	)		(77	)		72		6		181
Ending Balances	$	1,499	$	327		$	83		$	201	$	136		$	115		$	377	$	11	$	2,749
Evaluated for Impairment:
Individually		--		--			--			--		--			--			--		--		--
Collectively		1,499		327			83			201		136			115			377		11		2,749
Loans Receivable:
Ending Balances - Total	$	112,304	$	69,316		$	15,451		$	24,317	$	15,589		$	18,625		$	29,028	$	640	$	285,270
Ending Balances:
Evaluated for Impairment:
Individually		260		604			--			--		--			--			2,785		--		3,649
Collectively	$	112,044	$	68,712		$	15,451		$	24,317	$	15,589		$	18,625		$	26,243	$	640	$	281,621

The following tables present loans individually evaluated for impairment, segregated by class of loans, as of March 31, 2017 and June 30, 2016:

March 31, 2017	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	$	803	$	803	$	--	$	803	$	--	$	807
Commercial		261		261		--		261		--		264
Multi-Family Residential		--		--		--		--		--		--
Land		123		123		--		123		--		126
Construction		298		298		--		298		--		299
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		2,513		2,513		--		2,513		--		2,649
Consumer Loans		--		--		--		--		--		--
Total	$	3,998	$	3,998	$	--	$	3,998	$	--	$	4,145

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 June 30, 2016. At March 31, 2017, the Bank had $4.7 million of troubled debt restructurings consisting of interest rate and payment term modifications for two commercial real estate loans to one borrower. Loan principal balances on these two loans were paid down from $4.7 million at the date of restructuring to $2.3 million at March 24, 2017, the date on which these loans were converted to Other Real Estate Owned. A summary of the loans that were restructured during the nine months ended March 31, 2017 and the year ended June 30, 2016 is as follows (in thousands):

March 31, 2017	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		2	$	4,724	$	4,724
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		--	$	--	$	--

XML

Deposits

9 Months Ended

Mar. 31, 2017

Deposits [Abstract]

Deposits

4. Deposits

Deposits at March 31, 2017 and June 30, 2016 consist of the following classifications:

	March 31, 2017		June 30, 2016
	(In Thousands)
Non-Interest Bearing	$	55,605	$	39,280
NOW Accounts		33,997		37,761
Money Markets		44,947		49,251
Passbook Savings		36,490		29,033
		171,039		155,325
Certificates of Deposit		155,405		132,497
Total Deposits	$	326,444	$	287,822

XML

Earnings Per Share

9 Months Ended

Mar. 31, 2017

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 and nine months ended March 31, 2017 and 2016 were calculated as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
	(In Thousands, Except Per Share Data)
Net income	$	852	$	774	$	2,617	$	2,396
Weighted average shares outstanding - basic		1,819		1,851		1,814		1,892
Effect of dilutive common stock equivalents		109		63		88		66
Adjusted weighted average shares outstanding - diluted		1,928		1,914		1,902		1,958
Basic earnings per share	$	0.47	$	0.42	$	1.44	$	1.27
Diluted earnings per share	$	0.44	$	0.40	$	1.38	$	1.22

For the three months ended March 31, 2017 and 2016, there were outstanding options to purchase 301,334 and 304,952 shares, respectively, at a weighted average exercise price of $17.82 and $17.79 per share, respectively, and for the nine months ended March 31, 2017 and 2016, there were outstanding options to purchase 302,178 and 263,014 shares, respectively, at a weighted average exercise price of $17.81 and $16.88 per share, respectively. For the quarter ended March 31, 2017 and 2016, 109,145 options and 63,300 options, respectively, 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 March 31,						Nine Months Ended March 31
	2017			2016			2017			2016
	(In Thousands)
Average common shares issued		3,062			3,062			3,062			3,062
Average unearned ESOP shares		(125	)		(137	)		(129	)		(140	)
Average unearned RRP shares		(10	)		(25	)		(16	)		(32	)
Average Company stock purchased		(1,108	)		(1,049	)		(1,103	)		(998	)
Weighted average shares outstanding		1,819			1,851			1,814			1,892

XML

Stock-Based Compensation

9 Months Ended

Mar. 31, 2017

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 March 31, 2017.

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 2011 Recognition Plan was $140,000 for the nine months ended March 31, 2017.

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 March 31, 2017.  Both incentive stock options and non-qualified stock options may be granted under the 2011 Option Plan.

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 March 31, 2017 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 nine months ended March 31, 2017, compensation expense under the Option Plans charged to operations was $101,000.

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. During the nine months ended March 31, 2017, the Company recognized $197,000 in expenses related to the Stock Incentive Plan.

XML

Related Party Transactions

9 Months Ended

Mar. 31, 2017

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 $2.8 million and $3.8 million at March 31, 2017 and June 30, 2016, respectively.

XML

Fair Value Disclosures

9 Months Ended

Mar. 31, 2017

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:

	March 31, 2017				June 30, 2016
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	(In Thousands)
Financial Assets
Cash and Cash Equivalents	$	10,960	$	10,960	$	4,756	$	4,756
Securities Available-for-Sale		38,998		38,998		50,173		50,173
Securities to be Held-to-Maturity		28,897		28,311		2,349		2,349
Loans Held-for-Sale		5,877		5,877		11,919		11,919
Loans Receivable		305,484		296,017		290,827		290,339
Financial Liabilities
Deposits		326,444		310,268		287,822		285,503
Advances from FHLB		42,672		42,680		47,665		47,802
Off-Balance Sheet Items
Mortgage Loan Commitments		470		470		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.

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 nine months ended March 31, 2017.

Fair values of assets and liabilities measured on a recurring basis at March 31, 2017 and June 30, 2016 are as follows:

	Fair Value Measurements Using:
March 31, 2017	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	$	--	$	8,969	$	--	$	8,969
FNMA		--		21,065		--		21,065
GNMA		--		8,964		--		8,964
Total	$	--	$	38,998	$	--	$	38,998
Held-to-Maturity
Debt Securities
FNMA	$	--	$	25,523	$	--	$	25,523

	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

XML

Subsequent Events

9 Months Ended

Mar. 31, 2017

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 consolidated 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 March 31, 2017.  In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred through the date these consolidated financial statements were issued.

XML

Summary of Accounting Policies (Policies)

9 Months Ended

Mar. 31, 2017

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 nine month period ended March 31, 2017 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 consolidated 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 March 31, 2017.  In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred through the date these consolidated 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 home 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 March 31, 2017, 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 of origination.

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 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

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 March 31, 2017 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 May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606).  The amendments in ASU 2014-09 supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance.  The general principle of ASU 2014-09 requires an entity to recognize revenue upon the transfer of promised goods or services to customers in an amount that reflects the consideration of which the entity expects to be entitled in exchange for those goods or services.  The guidance sets forth a five step approach to be utilized for revenue recognition.  In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 making it effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period.  In April 2016, the FASB issued ASU 2016-10 which does not change the core principle of the guidance in Topic 606.  The amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas.  In May 2016, the FASB issued ASU 2016-12 which does not change the core principle of the guidance in Topic 606.  The amendments in this Update affect only certain narrow aspects of Topic 606.  Management is currently assessing the impact to the Company’s consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments.  The amendments in this Update supersede the guidance to classify equity securities with readily determinable fair values into different categories and require equity securities to be measured at fair value with changes in the fair value recognized through net income.  The amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of impairment.  The amendments in this Update also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period.

In addition, the amendments in this Update exempt all entities that are not public business entities from disclosing fair value information for financial instruments measured at amortized cost.  In addition, for public business entities, the amendments supersede the requirement to disclose the methods and significant assumptions used in calculating the fair value of financial instruments required to be disclosed for financial instruments measured at amortized cost on the balance sheet.  The amendments in this Update require public business entities that are required to disclose fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion consistent with Topic 820, Fair Value Measurement.

The provisions within this Update require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option.  This amendment excludes from net income gains or losses that the entity may not realize because those financial liabilities are not usually transferred or settled at their fair values before maturity.  The amendments in this Update require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or in the accompanying notes to the financial statements.

For public business entities, the amendments in ASU 2016-01 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases.  From the lessee’s perspective, the new standard establishes a right-of-use (ROU) model that requires a lessee to record ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months.  Leases will be classified as either finance or operating, with classification affecting pattern of expense recognition in the income statement for a lessee.  The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.  A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the consolidated financial statements, with certain practical expedients available.  The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718).  This Update is being issued as part of the Simplification Initiative.  The areas of simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows.  Some areas only apply to nonpublic entities.  For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods.  The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates.  For public business entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years.  The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323).   This Update addresses and codifies the practical considerations and application of the required disclosures under SAB Topic 11.M for the implementation of ASU 2014-09, Revenue from Contracts with Customers (Topic 606); ASU 2016-02, Leases (Topic 842); and ASU 2016-13, Financial Instruments-Credit Losses (Topic 326). The SEC Staff has emphasized on a number of occasions, including the December 2016 AICPA National Conference on Current SEC and PCAOB Developments, the requirements to disclose the potential material effects of newly issued standards and the importance of providing investors with this information. Such disclosures should explain the impact the new standard is expected to have on the financial statements and how the adoption of the new standard will affect comparability.  Entities should discuss both quantitative and qualitative information as available when assessing implementation of a new standard.  This ASU was effective immediately for public business entities.

In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350).  The amendments in this Update eliminate Step 2 from the goodwill impairment test.  For public business entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2020.  The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements.

In March 2017, the FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20).  This Update was issued in response to diversity in practice in the amortization period for premiums of callable debt securities and in how the potential for exercise of a call is factored into current impairment assessments.  As such, these amendments reduce the amortization period for certain callable debt securities carried at a premium and require the premium to be amortized over the period not to exceed the earliest call date.  These amendments do not apply to securities carried at a discount.  The effective date of this Update is for fiscal years beginning on or after December 15, 2018. The Company does not expect ASU 2017-08 to have a material impact on its consolidated financial statements.

XML

Securities (Tables)

9 Months Ended

Mar. 31, 2017

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:

	March 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
FHLMC Mortgage-Backed Certificates	$	9,345	$	6	$	382	$	8,969
FNMA Mortgage-Backed Certificates		21,184		273		392		21,065
GNMA Mortgage-Backed Certificates		9,170		3		209		8,964
Total Debt Securities		39,699		282		983		38,998
Total Securities Available-for-Sale	$	39,699	$	282	$	983	$	38,998
Securities Held-to-Maturity
Debt Securities
FNMA Mortgage-Backed Certificates	$	26,109	$	--	$	586	$	25,523
Equity Securities (Non-Marketable)
25,384 shares – Federal Home Loan Bank		2,538		--		--		2,538
630 Shares – First National Bankers Bankshares, Inc.		250		--		--		250
Total Equity Securities		2,788		--		--		2,788
Total Securities Held-to-Maturity	$	28,897	$	--	$	586	$	28,311

	June 30, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair 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 Securities by Contractual Maturity

The amortized cost and fair value of securities by contractual maturity at March 31, 2017 follows:

	Available-for-Sale				Held-to-Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In Thousands)
Debt Securities
Within One Year or Less	$	16	$	17	$	--	$	--
One through Five Years		60		62		--		--
After Five through Ten Years		62		64		--		--
Over Ten Years		39,561		38,855		26,109		25,523
		39,699		38,998		26,109		25,523
Other Equity Securities		--		--		2,788		2,788
Total	$	39,699	$	38,998	$	28,897	$	28,311

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 March 31, 2017 and at June 30, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position.

	March 31, 2017
	Less Than Twelve Months				Over Twelve Months
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
	(In Thousands)
Securities Available-for-Sale
Debt Securities
Mortgage-Backed Securities	$	404	$	13,055	$	579	$	21,693
Total Securities Available-for-Sale	$	404	$	13,055	$	579	$	21,693

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

XML

Loans Receivable (Tables)

9 Months Ended

Mar. 31, 2017

Loans Receivable [Abstract]

Summary of Loans Receivable

Loans receivable are summarized as follows:

	March 31, 2017			June 30, 2016
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	120,446		$	118,035
Commercial		73,948			69,197
Multi-Family Residential		19,050			20,661
Land		24,399			24,308
Construction		13,821			14,442
Equity and Second Mortgage		1,486			1,526
Equity Lines of Credit		20,150			17,290
Total Mortgage Loans		273,300			265,459
Commercial Loans		35,540			27,886
Consumer Loans
Loans on Savings Accounts		377			404
Automobile and Other Consumer Loans		65			86
Total Consumer and Other Loans		442			490
Total Loans		309,282			293,835
Less:   Allowance for Loan Losses		(3,582	)		(2,845	)
Unamortized Loan Fees		(216	)		(163	)
Net Loans Receivable	$	305,484		$	290,827

Analysis of Allowance for Loan Losses

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

	Nine Months Ended March 31,
	2017			2016
	(In Thousands)
Balance - Beginning of Period	$	2,845		$	2,515
Provision for Loan Losses		755			181
Loan Charge-Offs		(30	)		--
Recoveries		12			53
Balance - End of Period	$	3,582		$	2,749

Grading of Loans, Segregated by Class of Loans

The following tables present the grading of loans, segregated by class of loans, as of March 31, 2017 and June 30, 2016:

March 31, 2017	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family    Residential	$	119,643	$	520	$	283	$	--	$	120,446
Commercial		73,687		--		261		--		73,948
Multi-Family Residential		19,050		--		--		--		19,050
Land		24,276		123		--		--		24,399
Construction		13,523		298		--		--		13,821
Equity and Second Mortgage		1,486		--		--		--		1,486
Equity Lines of Credit		20,150		--		--		--		20,150
Commercial Loans		33,027		--		2,513		--		35,540
Consumer Loans		442		--		--		--		442
Total	$	305,284	$	941	$	3,057	$	--	$	309,282

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 March 31, 2017 and June 30, 2016:

March 31, 2017	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	$	790	$	136	$	318	$	1,244	$	119,202	$	120,446	$	--
Commercial		--		--		--		--		73,948		73,948		--
Multi-Family Residential		--		--		--		--		19,050		19,050		--
Land		--		--		--		--		24,399		24,399		--
Construction		--		--		--		--		13,821		13,821		--
Equity and Second Mortgage		--		--		--		--		1,486		1,486		--
Equity Lines of Credit		132		--		--		132		20,018		20,150		--
Commercial Loans		9		--		2,513		2,522		33,018		35,540		--
Consumer Loans		--		--		--		--		442		442		--
Total	$	931	$	136	$	2,831	$	3,898	$	305,384	$	309,282	$	--

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 nine months ended March 31, 2017 was as follows:

	Real Estate Loans
March 31, 2017	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		--		--		--			(16	)		--		(14	)		--		--			(30	)
Recoveries		12		--		--			--			--		--			--		--			12
Current Provision		212		17		(31	)		14			31		35			485		(8	)		755
Ending Balances	$	1,741	$	338	$	80		$	199		$	157	$	138		$	929	$	--		$	3,582
Evaluated for Impairment:
Individually		--		--		--			--			--		--			--		--			--
Collectively		1,741		338		80			199			157		138			929		--			3,582
Loans Receivable:
Ending Balances – Total	$	120,446	$	73,948	$	19,050		$	24,399		$	13,821	$	21,636		$	35,540	$	442		$	309,282
Ending Balances:
Evaluated for Impairment:
Individually		803		261		--			123			298		--			2,513		--			3,998
Collectively	$	119,643	$	73,687	$	19,050		$	24,276		$	13,523	$	21,636		$	33,027	$	442		$	305,284

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 the nine months ended March 31, 2016 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
March 31, 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		53		--			--			--		--			--			--		--		53
Current Provision		251		(88	)		(20	)		47		(10	)		(77	)		72		6		181
Ending Balances	$	1,499	$	327		$	83		$	201	$	136		$	115		$	377	$	11	$	2,749
Evaluated for Impairment:
Individually		--		--			--			--		--			--			--		--		--
Collectively		1,499		327			83			201		136			115			377		11		2,749
Loans Receivable:
Ending Balances - Total	$	112,304	$	69,316		$	15,451		$	24,317	$	15,589		$	18,625		$	29,028	$	640	$	285,270
Ending Balances:
Evaluated for Impairment:
Individually		260		604			--			--		--			--			2,785		--		3,649
Collectively	$	112,044	$	68,712		$	15,451		$	24,317	$	15,589		$	18,625		$	26,243	$	640	$	281,621

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 March 31, 2017 and June 30, 2016:

March 31, 2017	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	$	803	$	803	$	--	$	803	$	--	$	807
Commercial		261		261		--		261		--		264
Multi-Family Residential		--		--		--		--		--		--
Land		123		123		--		123		--		126
Construction		298		298		--		298		--		299
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		--		--		--		--		--		--
Commercial Loans		2,513		2,513		--		2,513		--		2,649
Consumer Loans		--		--		--		--		--		--
Total	$	3,998	$	3,998	$	--	$	3,998	$	--	$	4,145

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 nine months ended March 31, 2017 and the year ended June 30, 2016 is as follows (in thousands):

March 31, 2017	Number of Contracts		Pre-Modification Recorded Investment		Post-Modification Recorded Investment
Troubled Debt Restructurings		2	$	4,724	$	4,724
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		--	$	--	$	--

XML

Deposits (Tables)

9 Months Ended

Mar. 31, 2017

Deposits [Abstract]

Components of Deposits

Deposits at March 31, 2017 and June 30, 2016 consist of the following classifications:

	March 31, 2017		June 30, 2016
	(In Thousands)
Non-Interest Bearing	$	55,605	$	39,280
NOW Accounts		33,997		37,761
Money Markets		44,947		49,251
Passbook Savings		36,490		29,033
		171,039		155,325
Certificates of Deposit		155,405		132,497
Total Deposits	$	326,444	$	287,822

XML

Earnings Per Share (Tables)

9 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Calculation of Earnings per Share

Earnings per share for the three and nine months ended March 31, 2017 and 2016 were calculated as follows:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2017		2016		2017		2016
	(In Thousands, Except Per Share Data)
Net income	$	852	$	774	$	2,617	$	2,396
Weighted average shares outstanding - basic		1,819		1,851		1,814		1,892
Effect of dilutive common stock equivalents		109		63		88		66
Adjusted weighted average shares outstanding - diluted		1,928		1,914		1,902		1,958
Basic earnings per share	$	0.47	$	0.42	$	1.44	$	1.27
Diluted earnings per share	$	0.44	$	0.40	$	1.38	$	1.22

Components of Weighted Average Outstanding Shares

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

	Three Months Ended March 31,						Nine Months Ended March 31
	2017			2016			2017			2016
	(In Thousands)
Average common shares issued		3,062			3,062			3,062			3,062
Average unearned ESOP shares		(125	)		(137	)		(129	)		(140	)
Average unearned RRP shares		(10	)		(25	)		(16	)		(32	)
Average Company stock purchased		(1,108	)		(1,049	)		(1,103	)		(998	)
Weighted average shares outstanding		1,819			1,851			1,814			1,892

XML

Fair Value Disclosures (Tables)

9 Months Ended

Mar. 31, 2017

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:

	March 31, 2017				June 30, 2016
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	(In Thousands)
Financial Assets
Cash and Cash Equivalents	$	10,960	$	10,960	$	4,756	$	4,756
Securities Available-for-Sale		38,998		38,998		50,173		50,173
Securities to be Held-to-Maturity		28,897		28,311		2,349		2,349
Loans Held-for-Sale		5,877		5,877		11,919		11,919
Loans Receivable		305,484		296,017		290,827		290,339
Financial Liabilities
Deposits		326,444		310,268		287,822		285,503
Advances from FHLB		42,672		42,680		47,665		47,802
Off-Balance Sheet Items
Mortgage Loan Commitments		470		470		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 March 31, 2017 and June 30, 2016 are as follows:

	Fair Value Measurements Using:
March 31, 2017	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	$	--	$	8,969	$	--	$	8,969
FNMA		--		21,065		--		21,065
GNMA		--		8,964		--		8,964
Total	$	--	$	38,998	$	--	$	38,998
Held-to-Maturity
Debt Securities
FNMA	$	--	$	25,523	$	--	$	25,523

	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

XML

Summary of Accounting Policies (Details)	9 Months Ended
	Mar. 31, 2017 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 | Office	6

XML

Securities, Amortized Cost and Fair Value of Securities, with Gross Unrealized Gains and Losses (Details) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	$ 39,699	$ 50,045
Gross Unrealized Gains	282	629
Gross Unrealized Losses	983	501
Fair Value	38,998	50,173
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	39,699	50,045
Gross Unrealized Gains	282	629
Gross Unrealized Losses	983	501
Fair value	38,998	50,173
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	28,897	2,349
Gross Unrealized Gains	0	0
Gross Unrealized Losses	586	0
Fair Value	28,311	2,349
FNMA Mortgage-Backed Certificates [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	26,109
Gross Unrealized Gains	0
Gross Unrealized Losses	586
Fair Value	25,523
Equity Securities (Non-Marketable) [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	2,788	2,349
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	2,788	2,349
Federal Home Loan Bank [Member]
Held-to-Maturity Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost	2,538	2,099
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 2,538	$ 2,099
Number of equity securities (in shares)	25,384	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	$ 9,345	$ 10,928
Gross Unrealized Gains	6	12
Gross Unrealized Losses	382	147
Fair Value	8,969	10,793
FNMA Mortgage-Backed Certificates [Member]
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	21,184	26,610
Gross Unrealized Gains	273	613
Gross Unrealized Losses	392	0
Fair Value	21,065	27,223
GNMA Mortgage-Backed Certificates [Member]
Available-for-sale Debt Securities, Amortized Cost Basis [Abstract]
Amortized Cost	9,170	12,507
Gross Unrealized Gains	3	4
Gross Unrealized Losses	209	354
Fair Value	$ 8,964	$ 12,157

XML

Securities, Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2017	Jun. 30, 2016
Available-for-Sale, Amortized Cost [Abstract]
Within One Year or Less	$ 16
One through Five Years	60
After Five through Ten Years	62
Over Ten Years	39,561
Amortized Cost	39,699	$ 50,045
Other Equity Securities	0
Amortized Cost	39,699	50,045
Available-for-Sale, Fair Value [Abstract]
Within One Year or Less	17
One through Five Years	62
After Five through Ten Years	64
Over Ten Years	38,855
Fair Value	38,998	50,173
Other Equity Securities	0
Fair Value	38,998	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	26,109
Amortized Cost	26,109
Other Equity Securities	2,788
Amortized Cost	28,897	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	25,523
Fair Value	25,523
Other Equity Securities	2,788
Fair Value	$ 28,311	$ 2,349

XML

Securities, Securities with Gross Unrealized Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Securities Available-for-sale Securities, Gross Unrealized Losses [Abstract]
Less Than Twelve Months	$ 404	$ 147
Over Twelve Months	579	354
Securities Available-for-sale Securities, Fair Value [Abstract]
Less than Twelve Months	13,055	17,852
Over Twelve Months	21,693	12,066
Public Deposits [Member]
Securities Available-for-sale Securities, Fair Value [Abstract]
Securities pledged with carrying value	920
FHLB Advances [Member]
Securities Available-for-sale Securities, Fair Value [Abstract]
Securities pledged with carrying value	205,400
Mortgage-Backed Securities [Member]
Securities Available-for-sale Securities, Gross Unrealized Losses [Abstract]
Less Than Twelve Months	404	147
Over Twelve Months	579	354
Securities Available-for-sale Securities, Fair Value [Abstract]
Less than Twelve Months	13,055	17,852
Over Twelve Months	$ 21,693	$ 12,066

XML

Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015
Loan receivable [Abstract]
Gross Loans Receivable	$ 309,282	$ 293,835	$ 285,270
Less: Allowance for Loan Losses	(3,582)	(2,845)	(2,749)	$ (2,515)
Unamortized Loan Fees	(216)	(163)
Net Loans Receivable	305,484	290,827
Loans Secured by Mortgages on Real Estate [Member]
Loan receivable [Abstract]
Gross Loans Receivable	273,300	265,459
Loans Secured by Mortgages on Real Estate [Member] | One- to Four-Family Residential [Member]
Loan receivable [Abstract]
Gross Loans Receivable	120,446	118,035
Loans Secured by Mortgages on Real Estate [Member] | Commercial [Member]
Loan receivable [Abstract]
Gross Loans Receivable	73,948	69,197	69,316
Less: Allowance for Loan Losses	(338)	(321)	(327)	(415)
Loans Secured by Mortgages on Real Estate [Member] | Multi-Family Residential [Member]
Loan receivable [Abstract]
Gross Loans Receivable	19,050	20,661	15,451
Less: Allowance for Loan Losses	(80)	(111)	(83)	(103)
Loans Secured by Mortgages on Real Estate [Member] | Land [Member]
Loan receivable [Abstract]
Gross Loans Receivable	24,399	24,308	24,317
Less: Allowance for Loan Losses	(199)	(201)	(201)	(154)
Loans Secured by Mortgages on Real Estate [Member] | Construction [Member]
Loan receivable [Abstract]
Gross Loans Receivable	13,821	14,442	15,589
Less: Allowance for Loan Losses	(157)	(126)	(136)	(146)
Loans Secured by Mortgages on Real Estate [Member] | Equity and Second Mortgage [Member]
Loan receivable [Abstract]
Gross Loans Receivable	1,486	1,526
Loans Secured by Mortgages on Real Estate [Member] | Equity Lines of Credit [Member]
Loan receivable [Abstract]
Gross Loans Receivable	20,150	17,290
Commercial Loans [Member]
Loan receivable [Abstract]
Gross Loans Receivable	35,540	27,886	29,028
Less: Allowance for Loan Losses	(929)	(444)	(377)	(305)
Consumer Loans [Member]
Loan receivable [Abstract]
Gross Loans Receivable	442	490	640
Less: Allowance for Loan Losses	0	(8)	$ (11)	$ (5)
Consumer Loans [Member] | Loans on Savings Accounts [Member]
Loan receivable [Abstract]
Gross Loans Receivable	377	404
Consumer Loans [Member] | Automobile and Other Consumer Loans [Member]
Loan receivable [Abstract]
Gross Loans Receivable	$ 65	$ 86

XML

Loans Receivable, Analysis of Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	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	$ 155	$ 90	755	181	271
Loan Charge-Offs			(30)	0	0
Recoveries			12	53	59
Ending Balances	$ 3,582	$ 2,749	$ 3,582	$ 2,749	$ 2,845

XML

Loans Receivable, Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016	Mar. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	$ 309,282	$ 293,835	$ 285,270
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	305,284	290,838
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	941	625
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	3,057	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	273,300	265,459
Real Estate Loans [Member] | One- to Four-Family Residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	120,446	118,035
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	119,643	117,881
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	520	40
Real Estate Loans [Member] | One- to Four-Family Residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	283	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	73,948	69,197	69,316
Real Estate Loans [Member] | Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	73,687	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	261	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	19,050	20,661	15,451
Real Estate Loans [Member] | Multi-Family Residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	19,050	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	24,399	24,308	24,317
Real Estate Loans [Member] | Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	24,276	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	0	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	13,821	14,442	15,589
Real Estate Loans [Member] | Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	13,523	14,442
Real Estate Loans [Member] | Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	298	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	1,486	1,526
Real Estate Loans [Member] | Equity and Second Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	1,486	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	20,150	17,290
Real Estate Loans [Member] | Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	20,150	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	35,540	27,886	29,028
Commercial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	33,027	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	2,513	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	442	490	$ 640
Consumer Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Gross loans receivable	442	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

XML

Loans Receivable, Aging Analysis of Past Due Loans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2017	Jun. 30, 2016	Mar. 31, 2016
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	$ 3,898,000	$ 5,082,000
Current	305,384,000	288,753,000
Total Loans Receivable	309,282,000	293,835,000	$ 285,270,000
Recorded Investment > 90 Days and Accruing	0	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	73,675	1,000
30-59 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	931,000	2,724,000
60-89 Days Past Due [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	136,000	2,244,000
Greater Than 90 Days [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	2,831,000	114,000
Real Estate Loans [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Loans Receivable	273,300,000	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	1,244,000	4,434,000
Current	119,202,000	113,601,000
Total Loans Receivable	120,446,000	118,035,000
Recorded Investment > 90 Days and Accruing	0	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	790,000	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	136,000	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	318,000	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	73,948,000	69,197,000
Total Loans Receivable	73,948,000	69,197,000	69,316,000
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	19,050,000	20,661,000
Total Loans Receivable	19,050,000	20,661,000	15,451,000
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	0	555,000
Current	24,399,000	23,753,000
Total Loans Receivable	24,399,000	24,308,000	24,317,000
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	0	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	13,821,000	14,442,000
Total Loans Receivable	13,821,000	14,442,000	15,589,000
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	1,486,000	1,526,000
Total Loans Receivable	1,486,000	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	132,000	93,000
Current	20,018,000	17,197,000
Total Loans Receivable	20,150,000	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	132,000	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	2,522,000	0
Current	33,018,000	27,886,000
Total Loans Receivable	35,540,000	27,886,000	29,028,000
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	9,000	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	2,513,000	0
Consumer Loans [Member]
Aging analysis of past due loans segregated by class of loans [Abstract]
Total Past Due	0	0
Current	442,000	490,000
Total Loans Receivable	442,000	490,000	$ 640,000
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		9 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Allowance for loan losses [Roll Forward]
Beginning Balances			$ 2,845	$ 2,515	$ 2,515
Charge-Offs			(30)	0	0
Recoveries			12	53	59
Current Provision	$ 155	$ 90	755	181	271
Ending Balances	3,582	2,749	3,582	2,749	2,845
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	3,582	2,749	3,582	2,749	2,845
Loans Receivable [Abstract]
Ending Balances - Total	309,282	285,270	309,282	285,270	293,835
Evaluated for Impairment, Ending Balances [Abstract]
Individually	3,998	3,649	3,998	3,649	2,997
Collectively	305,284	281,621	305,284	281,621	290,838
Real Estate Loans [Member]
Loans Receivable [Abstract]
Ending Balances - Total	273,300		273,300		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			12	53	59
Current Provision			212	251	263
Ending Balances	1,741	1,499	1,741	1,499	1,517
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	1,741	1,499	1,741	1,499	1,517
Loans Receivable [Abstract]
Ending Balances - Total	120,446	112,304	120,446	112,304	118,035
Evaluated for Impairment, Ending Balances [Abstract]
Individually	803	260	803	260	154
Collectively	119,643	112,044	119,643	112,044	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			17	(88)	(94)
Ending Balances	338	327	338	327	321
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	338	327	338	327	321
Loans Receivable [Abstract]
Ending Balances - Total	73,948	69,316	73,948	69,316	69,197
Evaluated for Impairment, Ending Balances [Abstract]
Individually	261	604	261	604	298
Collectively	73,687	68,712	73,687	68,712	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			(31)	(20)	8
Ending Balances	80	83	80	83	111
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	80	83	80	83	111
Loans Receivable [Abstract]
Ending Balances - Total	19,050	15,451	19,050	15,451	20,661
Evaluated for Impairment, Ending Balances [Abstract]
Individually	0	0	0	0	0
Collectively	19,050	15,451	19,050	15,451	20,661
Real Estate Loans [Member] | Land [Member]
Allowance for loan losses [Roll Forward]
Beginning Balances			201	154	154
Charge-Offs			(16)	0	0
Recoveries			0	0	0
Current Provision			14	47	47
Ending Balances	199	201	199	201	201
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	199	201	199	201	201
Loans Receivable [Abstract]
Ending Balances - Total	24,399	24,317	24,399	24,317	24,308
Evaluated for Impairment, Ending Balances [Abstract]
Individually	123	0	123	0	555
Collectively	24,276	24,317	24,276	24,317	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			31	(10)	(20)
Ending Balances	157	136	157	136	126
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	157	136	157	136	126
Loans Receivable [Abstract]
Ending Balances - Total	13,821	15,589	13,821	15,589	14,442
Evaluated for Impairment, Ending Balances [Abstract]
Individually	298	0	298	0	0
Collectively	13,523	15,589	13,523	15,589	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			35	(77)	(75)
Ending Balances	138	115	138	115	117
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	138	115	138	115	117
Loans Receivable [Abstract]
Ending Balances - Total	21,636	18,625	21,636	18,625	18,816
Evaluated for Impairment, Ending Balances [Abstract]
Individually	0	0	0	0	0
Collectively	21,636	18,625	21,636	18,625	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			485	72	139
Ending Balances	929	377	929	377	444
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	929	377	929	377	444
Loans Receivable [Abstract]
Ending Balances - Total	35,540	29,028	35,540	29,028	27,886
Evaluated for Impairment, Ending Balances [Abstract]
Individually	2,513	2,785	2,513	2,785	1,990
Collectively	33,027	26,243	33,027	26,243	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)	6	3
Ending Balances	0	11	0	11	8
Evaluated for Impairment [Abstract]
Individually	0	0	0	0	0
Collectively	0	11	0	11	8
Loans Receivable [Abstract]
Ending Balances - Total	442	640	442	640	490
Evaluated for Impairment, Ending Balances [Abstract]
Individually	0	0	0	0	0
Collectively	$ 442	$ 640	$ 442	$ 640	$ 490

XML

Loans Receivable, Loans Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2017	Jun. 30, 2016
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	$ 3,998	$ 2,997
Recorded Investment With No Allowance	3,998	2,997
Recorded Investment With Allowance	0	0
Total Recorded Investment	3,998	2,997
Related Allowance	0	0
Average Recorded Investment	4,145	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	803	154
Recorded Investment With No Allowance	803	154
Recorded Investment With Allowance	0	0
Total Recorded Investment	803	154
Related Allowance	0	0
Average Recorded Investment	807	162
Real Estate Loans [Member] | Commercial [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	261	298
Recorded Investment With No Allowance	261	298
Recorded Investment With Allowance	0	0
Total Recorded Investment	261	298
Related Allowance	0	0
Average Recorded Investment	264	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	123	555
Recorded Investment With No Allowance	123	555
Recorded Investment With Allowance	0	0
Total Recorded Investment	123	555
Related Allowance	0	0
Average Recorded Investment	126	586
Real Estate Loans [Member] | Construction [Member]
Loans individually evaluated for impairment, segregated by class of loans [Abstract]
Unpaid Principal Balance	298	0
Recorded Investment With No Allowance	298	0
Recorded Investment With Allowance	0	0
Total Recorded Investment	298	0
Related Allowance	0	0
Average Recorded Investment	299	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	2,513	1,990
Recorded Investment With No Allowance	2,513	1,990
Recorded Investment With Allowance	0	0
Total Recorded Investment	2,513	1,990
Related Allowance	0	0
Average Recorded Investment	2,649	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	9 Months Ended	12 Months Ended
	Mar. 31, 2017 USD ($) Borrower Contract	Jun. 30, 2016 USD ($) Borrower Contract
Financing Receivable, Modifications [Line Items]
Number of contracts | Contract	2	9
Pre-modification recorded investment	$ 4,724	$ 1,990
Post-modification recorded investment	$ 4,724	$ 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 Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 4,700
Number of borrowers involved in troubled debt restructuring | Borrower	1
Principal balance on loans that were restructured	$ 2,300
Number of contracts | Contract	2
Commercial Business Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings		$ 2,000
Number of borrowers involved in troubled debt restructuring | Borrower		1
Number of contracts | Contract		9

XML

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Summary of Deposits [Abstract]
Non-Interest Bearing	$ 55,605	$ 39,280
NOW Accounts	33,997	37,761
Money Markets	44,947	49,251
Passbook Savings	36,490	29,033
Deposits in transaction accounts	171,039	155,325
Certificates of Deposit	155,405	132,497
Total Deposits	$ 326,444	$ 287,822

XML

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Calculation of earnings per share [Abstract]
Net income	$ 852	$ 774	$ 2,617	$ 2,396
Weighted average shares outstanding - basic (in shares)	1,819,000	1,851,000	1,814,000	1,892,000
Effect of dilutive common stock equivalents (in shares)	109,000	63,000	88,000	66,000
Adjusted weighted average shares outstanding- diluted (in shares)	1,928,000	1,914,000	1,902,000	1,958,000
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.42	$ 1.44	$ 1.27
Diluted earnings per share (in dollars per share)	$ 0.44	$ 0.40	$ 1.38	$ 1.22
Outstanding options to purchase shares (in shares)	301,334	304,952	302,178	263,014
Per share price of outstanding options (in dollars per share)	$ 17.82	$ 17.79	$ 17.81	$ 16.88
Components of average outstanding common shares [Abstract]
Average common shares issued (in shares)	3,062,000	3,062,000	3,062,000	3,062,000
Average unearned ESOP shares (in shares)	(125,000)	(137,000)	(129,000)	(140,000)
Average unearned RRP shares (in shares)	(10,000)	(25,000)	(16,000)	(32,000)
Average Company stock purchased (in shares)	(1,108,000)	(1,049,000)	(1,103,000)	(998,000)
Weighted average shares outstanding (in shares)	1,819,000	1,851,000	1,814,000	1,892,000
Stock Option [Member]
Calculation of earnings per share [Abstract]
Effect of dilutive common stock equivalents (in shares)	109,145	63,300

XML

Stock-Based Compensation (Details) $ / shares in Units, $ in Thousands						9 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	Mar. 31, 2017 USD ($) $ / shares 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 | $						$ 101
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 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 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
Compensation expense | $						$ 140
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
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
Termination date						Jun. 08, 2015
Term of share-based payment award						10 years
Number of Shares [Abstract]
Granted (in shares)			2,133		21,616
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 | $						$ 197
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	Mar. 31, 2017	Jun. 30, 2016
Related Party Transactions [Abstract]
Loan made to directors and executive officers	$ 2.8	$ 3.8

XML

Fair Value Disclosures, Carrying Amount and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2017	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	$ 38,998	$ 50,173
Securities to be Held-to-Maturity	28,311	2,349
Carrying Value [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents	10,960	4,756
Securities Available-for-Sale	38,998	50,173
Securities to be Held-to-Maturity	28,897	2,349
Loans Held-for-Sale	5,877	11,919
Loans Receivable	305,484	290,827
Financial Liabilities [Abstract]
Deposits	326,444	287,822
Advances from FHLB	42,672	47,665
Estimated Fair Value [Member]
Financial Assets [Abstract]
Cash and Cash Equivalents	10,960	4,756
Securities Available-for-Sale	38,998	50,173
Securities to be Held-to-Maturity	28,311	2,349
Loans Held-for-Sale	5,877	11,919
Loans Receivable	296,017	290,339
Financial Liabilities [Abstract]
Deposits	310,268	285,503
Advances from FHLB	42,680	47,802
Mortgage Loan Commitments [Member] | Carrying Value [Member]
Off-Balance Sheet Items [Abstract]
Mortgage Loan Commitments	470	296
Mortgage Loan Commitments [Member] | Estimated Fair Value [Member]
Off-Balance Sheet Items [Abstract]
Mortgage Loan Commitments	$ 470	$ 296

XML

Fair Value Disclosures, Fair Values of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Jun. 30, 2016
Available for sale debt securities [Abstract]
Total	$ 38,998	$ 50,173
Held to maturity debt securities [Abstract]
Total	28,897	2,349
FHLMC [Member]
Available for sale debt securities [Abstract]
Total	8,969	10,793
FNMA [Member]
Available for sale debt securities [Abstract]
Total	21,065	27,223
GNMA [Member]
Available for sale debt securities [Abstract]
Total	8,964	12,157
Recurring [Member]
Available for sale debt securities [Abstract]
Total	38,998	50,173
Recurring [Member] | FHLMC [Member]
Available for sale debt securities [Abstract]
Total	8,969	10,793
Recurring [Member] | FNMA [Member]
Available for sale debt securities [Abstract]
Total	21,065	27,223
Held to maturity debt securities [Abstract]
Total	25,523
Recurring [Member] | GNMA [Member]
Available for sale debt securities [Abstract]
Total	8,964	12,157
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | FHLMC [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | FNMA [Member]
Available for sale debt securities [Abstract]
Total	0	0
Held to maturity debt securities [Abstract]
Total	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | GNMA [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	38,998	50,173
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | FHLMC [Member]
Available for sale debt securities [Abstract]
Total	8,969	10,793
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | FNMA [Member]
Available for sale debt securities [Abstract]
Total	21,065	27,223
Held to maturity debt securities [Abstract]
Total	25,523
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | GNMA [Member]
Available for sale debt securities [Abstract]
Total	8,964	12,157
Recurring [Member] | Unobservable Inputs (Level 3) [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | Unobservable Inputs (Level 3) [Member] | FHLMC [Member]
Available for sale debt securities [Abstract]
Total	0	0
Recurring [Member] | Unobservable Inputs (Level 3) [Member] | FNMA [Member]
Available for sale debt securities [Abstract]
Total	0	0
Held to maturity debt securities [Abstract]
Total	0
Recurring [Member] | Unobservable Inputs (Level 3) [Member] | GNMA [Member]
Available for sale debt securities [Abstract]
Total	$ 0	$ 0