COSHOCTON – Home Loan Financial Corporation (OTCBB: HLFN), the parent company of The Home Loan Savings Bank, today announced net income of $1.0 million or $0.77 basic and diluted earnings per share, for the quarter ended Dec. 31, 2021, compared to net income of $929,000 or $0.66 basic and diluted earnings per share, for the quarter ended Dec. 31, 2020, an increase of $79,000.

This increase in earnings for the quarter ended Dec. 31, 2021, compared with Dec. 31, 2020, was primarily attributable to an increase in net interest income of $222,000 and a decrease in the provision for loan losses of 148,000, partially offset by a decrease in noninterest income of $179,000, an increase in noninterest expense 91,000, and an increase in federal income taxes of $21,000. 

Total assets at Dec. 31 were $253.9 million, compared to June 30 assets of $252.6 million, an increase of $1.3 million or 0.50%. Total deposits at Dec. 31 were $215.3 million, compared to June 30 deposits of $215.0 million, an increase of $285,000 or 0.13%. Total equity at Dec. 31 was $32.2 million, compared to $32.1 million at June 30, an increase of $107,000.

Home Loan Financial Corporation and The Home Loan Savings Bank are headquartered at 413 Main St., Coshocton, OH 43812. The Home Loan Savings Bank has two offices in Coshocton, a branch in West Lafayette and a branch in Mount Vernon.