COSHOCTON – Home Loan Financial Corporation (OTCBB: HLFN), the parent company of The Home Loan Savings Bank, announced net income of $1,163,000 or $0.83 basic and diluted earnings per share, for the quarter ended Sept. 30, 2022, compared to net income of $995,000 or $0.71 basic and diluted earnings per share, for the quarter ended Sept. 30, 2021, an increase of $168,000.
This increase in earnings for the quarter ended Sept. 30, compared with Sept. 30, 2021, was primarily attributable to an increase in net interest income of $566,000 partially offset by an increase in the provision for loan losses of $55,000, a decrease in noninterest income of $140,000 and an increase in noninterest expense of $158,000, and an increase in federal income taxes of $45,000.
Total assets at Sept. 30 were $269.3 million compared to June 30 assets of $252.6 million, an increase of $14.8 million or 5.80%. Total deposits at Sept. 30 were $217.1 million compared to June 30 deposits of $215.3 million, an increase of $1.9 million or 0.87%. Total equity at Sept. 30 was $32.5 million compared to $33.1 million at June 30, a decrease of $560,000.
Home Loan Financial Corporation and The Home Loan Savings Bank are headquartered at 413 Main St., Coshocton. The Home Loan Savings Bank has two offices located in Coshocton, a branch in West Lafayette, a branch in Mount Vernon, and a branch in Newark.
