2021 Q4 Form 10-Q Financial Statement

#000114036122004726 Filed on February 11, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $4.686M $4.774M
YoY Change -12.9% -4.21%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $176.0K $207.0K
YoY Change -12.44% 6.7%
% of Gross Profit
Depreciation & Amortization $190.0K $180.0K $170.0K
YoY Change 18.75% 7.14% 6.25%
% of Gross Profit
Operating Expenses $176.0K $207.0K
YoY Change -12.44% 6.7%
Operating Profit
YoY Change
Interest Expense $501.0K $550.0K
YoY Change -44.64% -44.83%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.476M $1.705M $1.630M
YoY Change -17.68% 8.6% 24.43%
Income Tax $300.0K $352.0K $340.0K
% Of Pretax Income 20.33% 20.65% 20.86%
Net Earnings $1.176M $1.353M $1.300M
YoY Change -16.18% 8.5% 25.0%
Net Earnings / Revenue 25.1% 28.34%
Basic Earnings Per Share $0.36 $0.42
Diluted Earnings Per Share $0.34 $0.38 $368.3K
COMMON SHARES
Basic Shares Outstanding 3.228M 3.204M 3.359M
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $74.40M $101.3M $104.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $15.98M $16.70M $14.92M
YoY Change 7.7% 19.99% 12.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $600.0K $800.0K
YoY Change -25.0% -33.33% 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $571.3M $566.8M $565.7M
YoY Change 6.7% 4.65% 9.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $2.100M $3.100M $2.700M
YoY Change -8.7% -11.43% -10.0%
Deferred Revenue
YoY Change
Short-Term Debt $2.700M $1.600M $2.800M
YoY Change -3.57% -33.33% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.100M $3.100M $2.700M
YoY Change -8.7% -11.43% -10.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.100M $3.100M $2.700M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $517.9M $513.1M $513.0M
YoY Change 7.01% 4.59% 9.69%
SHAREHOLDERS EQUITY
Retained Earnings $14.74M $15.47M
YoY Change 0.74% 10.99%
Common Stock $36.00K $34.00K
YoY Change 63.64% 54.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $53.41M $53.68M $52.73M
YoY Change
Total Liabilities & Shareholders Equity $571.3M $566.8M $565.7M
YoY Change 6.7% 4.65% 9.17%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $1.176M $1.353M $1.300M
YoY Change -16.18% 8.5% 25.0%
Depreciation, Depletion And Amortization $190.0K $180.0K $170.0K
YoY Change 18.75% 7.14% 6.25%
Cash From Operating Activities $910.0K $6.050M $9.620M
YoY Change -16.51% -156.38% -452.38%
INVESTING ACTIVITIES
Capital Expenditures -$830.0K -$1.080M -$280.0K
YoY Change -23.85% 27.06% 3.7%
Acquisitions
YoY Change
Other Investing Activities -$31.19M -$7.400M -$7.100M
YoY Change -391.5% -170.14% -81.52%
Cash From Investing Activities -$32.03M -$8.470M -$7.370M
YoY Change -433.3% -187.36% -80.95%
FINANCING ACTIVITIES
Cash Dividend Paid $335.0K
YoY Change 18.79%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.250M -720.0K 1.180M
YoY Change -164.98% -103.3% -97.84%
NET CHANGE
Cash From Operating Activities 910.0K 6.050M 9.620M
Cash From Investing Activities -32.03M -8.470M -7.370M
Cash From Financing Activities 4.250M -720.0K 1.180M
Net Change In Cash -26.87M -3.140M 3.430M
YoY Change -745.91% -115.13% -74.13%
FREE CASH FLOW
Cash From Operating Activities $910.0K $6.050M $9.620M
Capital Expenditures -$830.0K -$1.080M -$280.0K
Free Cash Flow $1.740M $7.130M $9.900M
YoY Change -20.18% -172.17% -502.44%

Facts In Submission

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HOME FEDERAL BANCORP, INC. OF LOUISIANA
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dei Entity Tax Identification Number
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<div><span style="font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span> </div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><span style="font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">Reclassification</span><span style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span> </div> <div style="font-family: 'Times New Roman',Times,serif; font-size: 10pt;"><span style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"><br/> </span> </div> <div><span style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span></div> <div style="text-align: justify; font-weight: normal; font-family: 'Times New Roman'; font-size: 10pt; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Certain financial statement balances included in the prior year consolidated financial statements have been reclassified to conform to the current period presentation.</div>
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LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
20000
CY2021 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
63000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4122000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
9000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
61000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4184000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
365000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3819000
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
365768000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
6075000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
359693000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4081000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1961000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
202000
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1800000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4122000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
568000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3554000
CY2021Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
341260000
CY2021Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
6008000
CY2021Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
335252000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
6075000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2310000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3765000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6075000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
365000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6188000
CY2021Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
6008000
CY2021Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
2088000
CY2021Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3920000
CY2021Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
6008000
CY2021Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
568000
CY2021 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
6750000
CY2021Q4 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
CY2021Q1 hfbl Stock Dividend Rate Percentage
StockDividendRatePercentage
1
us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2021-03-31
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2021-03-22
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 hfbl Common Stock Shares Outstanding Prior To Stock Split
CommonStockSharesOutstandingPriorToStockSplit
1700000
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3400000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
1176000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
1403000
us-gaap Net Income Loss
NetIncomeLoss
2528000
us-gaap Net Income Loss
NetIncomeLoss
2650000
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3228000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3234000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3216000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3248000
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
246000
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
134000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
260000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
114000
CY2021Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3474000
CY2020Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3368000
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3362000
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2021Q4 hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberDuringPeriod
637281
CY2020Q4 hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberDuringPeriod
619566
CY2021Q4 hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceDuringPeriod
11.03
CY2020Q4 hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceDuringPeriod
9.92
hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberDuringPeriod
594364
hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberDuringPeriod
576508
hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceDuringPeriod
11.03
hfbl Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price During Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceDuringPeriod
9.92
CY2021Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6125000
CY2020Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6124000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6125000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6124000
CY2021Q4 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
142000
CY2020Q4 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
164000
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
145000
us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
168000
CY2021Q4 us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
2755000
CY2020Q4 us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
2726000
us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
2764000
us-gaap Weighted Average Number Of Shares Treasury Stock
WeightedAverageNumberOfSharesTreasuryStock
2708000
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3228000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3234000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3216000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3248000
CY2021Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
3000000.0
CY2021Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
3400000

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