Home Financial Bancorp Announces Third Quarter Results
Third Quarter Highlights:
- Net Interest Income declined 7%, or
$56,000 ; - Non-interest income more than doubled to
$188,000 ; - Net income increased 64%, from
$105,000 to$172,000 or$.15 per share.
Nine Month Highlights:
- Non-performing loans decreased 34%, or
$398,000 ; - Net interest income fell 8%, or
$187,000 ; - Non-interest income increased 32%, or
$108,000 ; - Salaries and employee benefits declined 8%, or
$87,000 ; - Net income decreased 10%, from
$289,000 to$261,000 .
For the quarter ended
Due to declining interest income on loans, total interest income was lower by
Loan loss provisions for third quarter 2015 totaled
Third quarter 2015 non-interest income totaled
For the nine-month period ended
Total interest income decreased
For the nine-month period ended
Total non-interest income rose
At
Loans delinquent 90 days or more decreased 34% and totaled
The balance of the loan loss allowance increased 5% to
Deposits decreased to
Shareholders’ equity was
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FOR THREE MONTHS ENDED |
2015 |
2014 |
||||
Net Interest Income | ||||||
Provision for Loan Losses | 40 | 34 | ||||
Non-interest Income | 188 | 87 | ||||
Non-interest Expense | 679 | 698 | ||||
Income Tax | (3 | ) | 6 | |||
Net Income | 172 | 105 | ||||
Basic and Diluted Earnings Per Share: | ||||||
Average Shares Outstanding - Basic | 1,184,614 | 1,188,577 | ||||
Average Shares Outstanding - Diluted | 1,184,919 | 1,190,327 | ||||
FOR NINE MONTHS ENDED |
2015 |
2014 |
||||
Net Interest Income | ||||||
Provision for Loan Losses | 160 | 154 | ||||
Non-interest Income | 446 | 337 | ||||
Non-interest Expense | 2,188 | 2,198 | ||||
Income Tax | (46 | ) | 0 | |||
Net Income | 261 | 289 | ||||
Basic and Diluted Earnings Per Share: | ||||||
Average Shares Outstanding - Basic | 1,186,725 | 1,187,045 | ||||
Average Shares Outstanding - Diluted | 1,187,978 | 1,189,219 | ||||
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2015 |
2014 |
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Total Assets | ||||||
Total Loans | 46,530 | 49,449 | ||||
Allowance for Loan Losses | 509 | 484 | ||||
Total Deposits | 48,068 | 48,686 | ||||
Borrowings | 8,500 | 10,000 | ||||
Shareholders’ Equity | 8,919 | 8,701 | ||||
Non-Performing Assets | 1,182 | 1,494 | ||||
Non-Performing Loans | 766 | 1,164 | ||||
Non-Performing Assets to Total Assets | 1.79 | % | 2.20 | % | ||
Non-Performing Loans to Total Loans | 1.65 | 2.35 | ||||
Book Value Per Share* |
*Based on 1,191,583 shares at
Source:
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