COSHOCTON – Home Loan Financial Corporation (OTCBB: HLFN), the parent company of the Home Loan Savings Bank, today announced net income of $861,000 or $0.61 basic and diluted earnings per share, for the quarter ended March 31, 2022, compared to net income of $797,000 or $0.57 basic and diluted earnings per share, for the quarter ended March 31, 2021, an increase of $64,000 or 8.04%.
This increase in earnings was primarily attributable to an increase in net interest income of $265,000 and a decrease in the provision for loan losses of $55,000, partially offset by a decrease in noninterest income of $160,000, an increase in noninterest expense of $79,000 and an increase in federal income tax expense of $17,000.
Total assets at March 31 were $254.6 million compared to June 30, 2021, assets of $252.6 million, an increase of $2 million or 0.8%. Total deposits at March 31 were $216.3 million compared to June 30, 2021, deposits of $215.0 million, an increase of $1.3 or 0.6%. Total equity at March 31 was $32.3 million compared to $32.1 million at June 30, 2021, an increase of $242,000.
Home Loan Financial Corporation and the Home Loan Savings Bank are headquartered at 413 Main St., Coshocton, Ohio 43812. The Home Loan Savings Bank has two offices located in Coshocton, a branch in West Lafayette and a branch in Mount Vernon.
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