Home Federal Bancorp, Inc. Of Louisiana · NASDAQ:HFBL
Home Federal Bancorp, Inc. Of Louisiana — IPO Roadshow (December 2010)
24 slides from Home Federal Bancorp, Inc. Of Louisiana's IPO roadshow presentation, Dec 8, 2010
Slide 1: 2nd Step Conversion and Offering December 2010
2nd Step Conversion and Offering December 2010
Slide 2: Legal Matters
Legal Matters 2 This presentation is for informational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy shares of common stock of Home Federal Bancorp, Inc. of Louisiana. The offer is made only by the prospectus. Please refer to the prospectus dated Novemb
Slide 3: Forward Looking Statements
Forward Looking Statements 3 This document contains forward-looking statements, which can be identified by the use of words such as "would be," "will," "estimate," "project," "believe," "intend," "anticipate," "plan," "seek," "expect" and similar expressions. These forward-looking statements include
Slide 4: Offering Summary
Offering Summary Issuer: Home Federal Bancorp, Inc. of Louisiana Listing / Ticker: NASDAQ / "HFBL" Price Per Share: $10.00 Exchange Ratio: 0.7464x - 1.0098x(1) Recent Stock Price (12/3/2010) $10.06 Shares Offered: 1,593,750 - 2,156,250(1) Gross Proceeds: $15.9 million - $21.6 million(1) Subscription
Slide 5: Overview of Organizational Structure
Home Federal Mutual Holding Company of Louisiana (owns 63.8% of common stock) Overview of Organizational Structure Public Shareholders (own 36.2% of common stock) Home Federal Bank Current Structure Home Federal Bancorp, Inc. of Louisiana (Louisiana corporation) (100% of the common stock) Home Feder
Slide 6: Company Profile
Company Profile Home Federal Bancorp, Inc. of Louisiana's subsidiary, Home Federal Bank, is a federally chartered stock savings bank founded in 1924 and headquartered in Shreveport, Louisiana Conducts operations through four full-service locations and one agency office At September 30, 2010 Home Fed
Slide 7: Corporate Overview
Corporate Overview Corporate Office 624 Market Street Shreveport Branch Locations 6363 Youree Dr. Shreveport 9300 Mansfield Rd. Shreveport 2555 Viking Drive Bossier City Commercial Loan Operations & Agency Office 6425 Youree Dr. Ste 100 Shreveport 7
Slide 8: Market Area Overview
Market Area Overview The Bank's primary market area is northwest Louisiana, particularly the Caddo and Bossier Parishes located in the Shreveport-Bossier City MSA Shreveport-Bossier City is located on Interstate 20 in Northern Louisiana, fifteen miles east of the Texas state border and 180 miles eas
Slide 9: Haynesville Shale Overview
Haynesville Shale Overview N th t L i Northwest Louisiana has the Haynesville shale formation which has boosted economic growth In 2009, the extraction activity of seven firms in the Haynesville shale formation generated approximately $10.6 billion in new business sales within Louisiana New business
Slide 10: Experienced Management Team
Experienced Management Team Home Federal Bancorp’s management team is comprised of experienced professionals focused on the execution of Home Federal’s strategic transition In 2009 hired Home Federal Bank President & COO, Jim Barlow, followed by a team of commercial lending professionals with signif
Slide 11: Rationale for the Conversion and Offering
Rationale for the Conversion and Offering To support continued growth through opening new branch offices, hiring and retaining personnel and enhancing lending capabilities To assist in attracting and retaining talented employees and management through ESOP and benefit plans The fully public form of
Slide 12: Business Strategy
Business Strategy Continuing to diversify the loan portfolio by emphasizing commercial real estate and commercial business loans Diversifying products and services for a larger more diverse customer base and enhanced competitive position Managing expenses while building an infrastructure to support
Slide 13: Use of Proceeds
Use of Proceeds Home Federal Bancorp, Inc. of Louisiana may use the proceeds from the offering for the following: Pay dividends to shareholders Repurchase shares of its common stock, subject to regulatory restrictions Finance the possible acquisition of financial institutions or branch offices or ot
Slide 14: Financial Highlights
OS) Home FEDERAL BANCORP INC Of Louisiana Financial Highlights
Slide 15: Loan Portfolio Growth & Diversification
Loan Portfolio Growth & Diversification i l l di i i i i Commercial lending initiatives have resulted in significant loan portfolio growth and diversification New commercial lending staff was able to rapidly generate quality loans through borrowers with which the lending staff has strong historical
Slide 16: Mortgage Originations
Mortgage Originations Home Federal is uniquely positioned in the Shreveport-Bossier City MSA in the mortgage origination sector One of the few institutions with the local management and knowledge to deliver the execution required Mortgage originations will continue to be a focus going forward Emphas
Slide 17: Strong Asset Quality
Strong Asset Quality Home Federal’s profile Federal s credit has fared significantly better than its peers Conservative underwriting has resulted in low levels of non-performing loans and net charge-offs At September 30, 2010, Home Federal only maintained two non-performing assets on its books Since
Slide 18: Securities Portfolio
Securities Portfolio As of September 30, 2010 Securities Portfolio Characteristics Adjustable-rate FHLB At September 30, 2010, securities portfolio totaled $57.3 million At September 30 2010 approximately stock 3% mortgage fund 2% 30, 2010, 95% of the investment portfolio consisted of mortgage-backe
Slide 19: Deposit Base
Deposit Base Home Federal’s initiatives have begun to improve the funding base of the Company Average Cost of Deposits 1.81% as of September 30, 2010 Total deposits have grown 64% since June 30, 2008 Non-time deposits have grown by 212% in the same period Continue to emphasize increasing commercial
Slide 20: Strong Consistent Financial Performance
Strong Consistent Financial Performance As the loan and deposit mix has changed, the net interest margin and earnings have improved In fiscal year 2008 & 2009, Home Federal incurred related merger and stock issuance expenses of $833,000 and $133,000, respectively Earnings are expected to benefit fro
Slide 21: Investment Merits
Investment Merits Experienced management team enhanced by recent hires from larger competitors Significant growth opportunities in the commercial sector Began commercial initiative in 2009 Commercial banking team has been successful in generating both loans and deposits Stable, attractive market are
Slide 22: Offering Summary
OS) HoME FEDERAL BANCORP INC Of Louisiana Offering Summary
Slide 23: Offering Overview
Offering Overview At or For the Year Ended June 30, 2010 Dollars in thousands, except per share data Minimum Midpoint Maximum Adjusted Maximum Shares Offered 1,593,750 1,875,000 2,156,250 2,479,688 Exchange Shares 904,481 1,064,095 1,223,709 1,407,266 Pro Forma Market Capitalization $24,983 $29,391
Slide 24: Attractive Valuation
Attractive Valuation Home Federal Bancorp, Inc. of Louisiana has an attractive valuation compared to peers On a tangible book value per share basis, Home Federal comes at a discount of 32% at the minimum and 9% discount at the adjusted maximum of the offering range Minimum Midpoint Maximum Adj. Appr
Home Federal Bancorp, Inc. of Louisiana — IPO Roadshow (December 2010) on 6ix