Acadiana Business

Home Bank earnings up

by Heather Miller

The Lafayette-based bank increased its revenues by 46 percent in December of last year as compared to earnings reported in December 2010.

Lafayette-based Home Bank reported fourth quarter earnings of $2.1 million for the fourth quarter of 2011, up $669,000 from the fourth quarter of 2010.

According to a press release, the bank saw annual revenues of $5.1 million for 2011, an increase of $432,000 (9 percent) compared to 2010.

"We are pleased with the direction of our financial results," says Home Bank President and CEO John Bordelon, "and are even more excited about the development of our team. We have assembled a team of bankers who are committed to expanding customer relationships through sound financial advice and products. We seek to differentiate ourselves daily by offering flexible and timely solutions that better the lives of our customers Our prospects for 2012 are strong due to the economic health of our markets and our reputation for doing what's best for our customers. We are focused on continually enhancing shareholder value through improved earnings."

In July, Home Bank completed its acquisition of GS Financial Corp., which increases the bank's presence in the Greater New Orleans metro area.

Total loans were $666.4 million on Dec. 31, up $12.7 million (2 percent) from Sept. 30, with an increase of $226.5 million (51 percent) as compared to Dec. 31, 2010.