UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-12
Home Federal Bancorp, Inc. of Louisiana
______________________________________________________________________________
(Name of Registrant as Specified In Its Charter)
______________________________________________________________________________
(Name of Person(s) Filing Proxy Statement, if other than Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies: _________
(2) Aggregate number of securities to which transaction applies: ____________
(3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (set forth the amount on which the filing fee
is calculated and state how it was determined): _______________
(4) Proposed maximum aggregate value of transaction: ________________________
(5) Total fee paid __________________________________________________________
[ ] Fee paid previously with preliminary materials: _________________________
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid: __________________________________________________
(2) Form, Schedule or Registration Statement No.: ___________________________
(3) Filing Party: ____________________________________________________________
(4) Date Filed:_________________________________________
[Home Federal Bancorp, Inc. of Louisiana Logo]
October 11, 2007
Dear Shareholder:
You are cordially invited to attend the annual meeting of
shareholders of Home Federal Bancorp, Inc. of Louisiana. The
meeting will be held at our main office located at 624 Market
Street, Shreveport, Louisiana, on Wednesday, November 14, 2007
at 10:00 a.m., Central Time.
At the annual meeting, you will be asked to elect three
directors for three year terms and ratify the appointment of
LaPorte Sehrt Romig & Hand as our independent registered public
accounting firm for the fiscal year ending June 30, 2008. Each
of these matters is more fully described in the accompanying
materials.
It is very important that you be represented at the annual
meeting regardless of the number of shares you own or whether you
are able to attend the meeting in person. We urge you to mark,
sign, and date your proxy card today and return it in the
envelope provided, even if you plan to attend the annual meeting.
This will not prevent you from voting in person, but will ensure
that your vote is counted if you are unable to attend.
Your continued support of and interest in Home Federal
Bancorp, Inc. of Louisiana is sincerely appreciated.
Very truly yours,
/s/ Daniel R. Herndon
---------------------
Daniel R. Herndon
President and Chief Executive Officer
HOME FEDERAL BANCORP, INC. OF LOUISIANA
624 Market Street
Shreveport, Louisiana 71101
(318) 222-1145
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NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
---------------------------------------------------------------------
TIME................. 10:00 a.m., Central Time, Wednesday, November 14, 2007
PLACE................ Home Federal Bancorp, Inc. of Louisiana
624 Market Street
Shreveport, Louisiana
ITEMS OF BUSINESS.... (1) To elect three directors for a three-year term
expiring in 2010 and until their successors are
elected and qualified;
(2) To ratify the appointment of LaPorte Sehrt Romig
& Hand as our independent registered public
accounting firm for the fiscal year ending June
30, 2008; and
(3) To transact such other business, as may properly
come before the meeting or at any adjournment
thereof. We are not aware of any other such
business.
RECORD DATE.......... Holders of Home Federal Bancorp common stock of record
at the close of business on September 26, 2007 are
entitled to vote at the meeting.
ANNUAL REPORT........ Our 2007 Annual Report to Shareholders is enclosed but
is not a part of the proxy solicitation materials.
PROXY VOTING......... It is important that your shares be represented and
voted at the meeting. You can vote your shares by
completing and returning the proxy card sent to you.
Most shareholders whose shares are held in "street"
name can also vote their shares over the Internet or
by telephone. If Internet or telephone voting is
available to you, voting instructions are printed on
your voting instruction form. You can revoke a proxy
at any time prior to its exercise at the meeting by
following the instructions in the accompanying proxy
statement.
BY ORDER OF THE BOARD OF DIRECTORS
/s/ DeNell W. Mitchell
DeNell W. Mitchell
Corporate Secretary
Shreveport, Louisiana
October 11, 2007
_____________________________________________________________________
TABLE OF CONTENTS
_____________________________________________________________________
Page
______
About the Annual Meeting of Shareholders...................... 1
Information with Respect to Nominees for Director,
Continuing Directors and Executive Officers................. 3
Election of Directors (Proposal One)..................... 3
Members of the Board of Directors Continuing in Office... 4
Executive Officer Who is Not Also a Director............. 4
Director Nominations..................................... 4
Committees and Meetings of the Board of Directors........ 4
Directors' Attendance at Annual Meetings................. 5
Directors' Compensation.................................. 5
Report of the Audit Committee................................. 6
Management Compensation....................................... 7
Summary Compensation Table............................... 7
Outstanding Equity Awards at Fiscal Year-End............. 7
Related Party Transactions............................... 7
Beneficial Ownership of Common Stock by Certain Beneficial
Owners and Management....................................... 8
Section 16(a) Beneficial Ownership Reporting Compliance.. 9
Ratification of Appointment of Independent Registered Public
Accounting Firm (Proposal Two).............................. 9
Audit Fees............................................... 10
Shareholder Proposals, Nominations and Communications with
the Board of Directors...................................... 10
Annual Reports................................................ 11
Other Matters................................................. 11
PROXY STATEMENT
OF
HOME FEDERAL BANCORP, INC. OF LOUISIANA
_____________________
_____________________________________________________________________
ABOUT THE ANNUAL MEETING OF SHAREHOLDERS
_____________________________________________________________________
This proxy statement is furnished to holders of common stock
of Home Federal Bancorp, Inc. of Louisiana, the parent holding
company of Home Federal Savings and Loan Association. Our Board
of Directors is soliciting proxies to be used at the annual
meeting of shareholders to be held at our main office at 624
Market Street, Shreveport, Louisiana, on Wednesday, November 14,
2007 at 10:00 a.m., Central Time, and any adjournment thereof,
for the purposes set forth in the Notice of Annual Meeting of
Shareholders. This proxy statement is first being mailed to
shareholders on or about October 11, 2007.
What is the purpose of the annual meeting?
At our annual meeting, shareholders will act upon the
matters outlined in the Notice of Annual Meeting, including the
election of directors and ratification of our independent
registered public accounting firm. In addition, management will
report on the performance of Home Federal Bancorp and respond to
questions from shareholders.
Who is entitled to vote?
Only our shareholders of record as of the close of business
on the record date for the meeting, September 26, 2007, are
entitled to vote at the meeting. On the record date, we had
3,383,287 shares of common stock issued and outstanding and no
other class of equity securities outstanding. For each issued
and outstanding share of common stock you own on the record date,
you will be entitled to one vote on each matter to be voted on at
the meeting, in person or by proxy.
How do I submit my proxy?
After you have carefully read this proxy statement, indicate
on your proxy form how you want your shares to be voted. Then
sign, date and mail your proxy form in the enclosed prepaid
return envelope as soon as possible. This will enable your
shares to be represented and voted at the annual meeting.
If my shares are held in "street name" by my broker, could my
broker automatically vote my shares for me?
Yes. Your broker may vote in his or her discretion on the
election of directors and ratification of the independent
registered public accounting firm if you do not furnish
instructions.
Can I attend the meeting and vote my shares in person?
All shareholders are invited to attend the annual meeting.
Shareholders of record can vote in person at the annual meeting.
If your shares are held in street name, then you are not the
shareholder of record and you must ask your broker or other
nominee how you can vote at the annual meeting.
1
Can I change my vote after I return my proxy card?
Yes. If you are a shareholder of record, there are three
ways you can change your vote or revoke your proxy after you have
sent in your proxy form.
* First, you may send a written notice to our Corporate
Secretary, Ms. DeNell W. Mitchell, Home Federal
Bancorp, Inc. of Louisiana, 624 Market Street,
Shreveport, Louisiana 71101, in advance of the meeting
stating that you would like to revoke your proxy.
* Second, you may complete and submit a new proxy form
before the annual meeting. Any earlier proxies will be
revoked automatically.
* Third, you may attend the annual meeting and vote in
person. Any earlier proxy will be revoked. However,
attending the annual meeting without voting in person
will not revoke your proxy.
If your shares are held in "street name" and you have
instructed a broker or other nominee to vote your shares, you
must follow directions from your broker or other nominee to
change your vote.
What constitutes a quorum?
The presence at the meeting, in person or by proxy, of the
holders of a majority of outstanding shares that all shareholders
are entitled to vote on a particular matter will constitute a
quorum. Proxies received but marked as abstentions and broker
non-votes will be included in the calculation of the number of
votes considered to be present at the meeting.
What are the Board of Directors' recommendations?
The recommendations of the Board of Directors are set forth
under the description of each proposal in this proxy statement.
In summary, the Board of Directors recommends that you vote FOR
the nominees for director described herein and FOR ratification
of the appointment of LaPorte Sehrt Romig & Hand for fiscal 2008.
The proxy solicited hereby, if properly signed and returned
to us and not revoked prior to its use, will be voted in
accordance with your instructions. If no contrary instructions
are given, each proxy signed and received will be voted in the
manner recommended by the Board of Directors and, upon the
transaction of such other business as may properly come before
the meeting, in accordance with the best judgment of the persons
appointed as proxies. Proxies solicited hereby may be exercised
only at the annual meeting and any adjournment of the annual
meeting and will not be used for any other meeting.
What vote is required to approve each item?
The election of directors will be determined by a plurality
of the votes cast at the annual meeting. The three nominees for
director receiving the most "for" votes will be elected
directors. The affirmative vote of a majority of the shares
represented in person or by proxy at the annual meeting is
required for approval of the proposal to ratify the appointment
of LaPorte Sehrt Romig & Hand for fiscal 2008. Abstentions are
considered in determining the presence of a quorum and will count
as a vote against the proposal to ratify the appointment of the
independent registered public accounting firm.
As indicated below under "Beneficial Ownership of Common
Stock by Certain Beneficial Owners and Management," Home Federal
Mutual Holding Company of Louisiana owns a majority of our
2
outstanding common stock. The Mutual Holding Company intends to
vote all of the shares it owns for the nominees for director and
for the ratification of the appointment of LaPorte Sehrt Romig &
Hand, thereby ensuring a quorum at the annual meeting, and that
each of such proposals will be adopted.
_____________________________________________________________________
INFORMATION WITH RESPECT TO NOMINEES FOR DIRECTOR, CONTINUING
DIRECTORS AND EXECUTIVE OFFICERS
_____________________________________________________________________
Election of Directors (Proposal One)
Our Bylaws provide that the Board of Directors shall be
divided into three classes as nearly equal in number as possible.
The directors are elected by our shareholders for staggered terms
and until their successors are elected and qualified. One class
shall be elected annually. At this meeting, you will be asked to
elect one class of directors, consisting of three directors, for
a three-year term expiring in 2010 and until their successors are
elected and qualified.
Our Board of Directors has recommended the re-election of
Messrs. Colquitt, Herndon and Lawrence as directors. No director
or nominee for director is related to any other director or
executive officer by blood, marriage or adoption, except Daniel
Herndon and David Herndon III who are brothers and Sidney York
and Amos Wedgeworth Jr., who are brothers-in-law. Shareholders
are not permitted to use cumulative voting for the election of
directors. Our Board of Directors has determined that Messrs.
Colquitt, Hearne, Humphrey, Lawrence, Wedgeworth and York are
independent directors as defined in the Nasdaq listing standards.
Unless otherwise directed, each proxy signed and returned by
a shareholder will be voted for the election of the nominees for
director listed below. If any person named as a nominee should
be unable or unwilling to stand for election at the time of the
annual meeting, the proxies will nominate and vote for any
replacement nominee or nominees recommended by our Board of
Directors. At this time, the Board of Directors knows of no
reason why any of the nominees listed below may not be able to
serve as a director if elected.
The following tables present information concerning the
nominees for director, and our continuing directors, all of whom
also serve as directors of Home Federal Savings and Loan
Association. The indicated period of service as a director
includes service as a director of Home Federal Savings and Loan
Association prior to the organization of Home Federal Bancorp in
2005. Ages are reflected as of June 30, 2007.
Nominees for Director for Three-Year Terms Expiring in 2010
Position with Home Federal Bancorp and Director
Name Age Principal Occupation During the Past Five Years Since
---------------------- ----- ----------------------------------------------- -------
Walter T. Colquitt III 62 Director. Dentist, Shreveport, Louisiana. 1993
Daniel R. Herndon 67 Chairman of the Board of Directors of Home Federal
Savings and Loan since January 1998. President and
Chief Executive Officer of Home Federal Savings and
Loan since September 1993. Chairman, President and
Chief Executive Officer of Home Federal Bancorp
since 2005. 1980
Scott D. Lawrence 61 Director. President of Southwestern Wholesale, 1994
Shreveport, Louisiana since 1980.
The Board of Directors recommends that you vote FOR election
of the nominees for director.
3
Members of the Board of Directors Continuing in Office
Directors Whose Terms Expire in 2008
Position with Home Federal Bancorp and Director
Name Age Principal Occupation During the Past Five Years Since
---------------------- ----- ----------------------------------------------- -------
David A. Herndon III 70 Director. Retired geologist. 1998
Woodus K. Humphrey 67 Director. Insurance executive, Woodus Humphrey 2001
Insurance, Inc., Shreveport, Louisiana.
Sidney D. York 79 Director. Retired as Chairman of Home Federal 1977
Savings and Loan in January 1998 and as President
in September 1993.
Directors Whose Terms Expire in 2009
Position with Home Federal Bancorp and Director
Name Age Principal Occupation During the Past Five Years Since
---------------------- ----- ----------------------------------------------- -------
Henry M. Hearne 67 Director. Self employed in the fields of 2000
investments and farming.
Clyde D. Patterson 65 Director. Executive Vice President of Home 1990
Federal Savings and Loan and Home Federal Bancorp
since September 1993 and January 2005, respectively.
Amos L. Wedgeworth, Jr. 81 Director. Retired physician. 1980
Executive Officer Who is Not Also a Director
DeNell W. Mitchell, age 51 years, has served as the Vice
President and Senior Lending Officer of Home Federal Savings and
Loan since 1993 and Secretary-Treasurer since 2004. Ms. Mitchell
has served as Vice President and Corporate Secretary of Home
Federal Bancorp since 2005.
Director Nominations
Nominations for director of Home Federal Bancorp are made by
the full Board of Directors which acts as the nominating
committee pursuant to our federal stock Bylaws. All of our
directors participate in the consideration of director nominees
and will consider candidates for director suggested by other
directors, as well as our management and shareholders. A
shareholder who desires to recommend a prospective nominee for
the Board should notify our Secretary in writing with whatever
supporting material the shareholder considers appropriate. Any
shareholder wishing to make a nomination must follow our
procedures for shareholder nominations, which are described under
"Shareholder Proposals, Nominations and Communications with the
Board of Directors."
Committees and Meetings of the Board of Directors
During the fiscal year ended June 30, 2007, the Board of
Directors of Home Federal Bancorp met 12 times. No director of
Home Federal Bancorp attended fewer than 75% of the aggregate of
the total number of Board meetings held during the period for
which he has been a director and the total number of meetings
held by all committees of the Board on which he served during the
periods that he served.
We do not currently have a standing compensation committee.
The compensation levels of the Chief Executive Officer and the
other officers are determined by the Board of Directors, however,
4
directors Daniel Herndon and Clyde Patterson do not participate
in discussions of their own compensation.
Audit Committee. The Board of Directors has established an
Audit Committee consisting of Messrs. Hearne, Lawrence and David
Herndon. The Audit Committee reviews with management and the
independent registered public accounting firm the systems of
internal control, reviews the annual financial statements,
including the Form 10-KSB and monitors Home Federal Bancorp's
adherence in accounting and financial reporting to generally
accepted accounting principles. The Audit Committee is comprised
of three directors who are independent directors as defined in
the Nasdaq listing standards and the rules and regulations of the
Securities and Exchange Commission, except for David Herndon, who
is the brother of Daniel Herndon. The Board of Directors has
determined that no members of the Audit Committee meet the
qualifications established for an audit committee financial
expert in the regulations of the Securities and Exchange
Commission. The Audit Committee met one time in fiscal 2007.
The Audit Committee charter as presently in effect was attached
to the proxy statement for the 2005 annual meeting as Appendix A.
Directors' Attendance at Annual Meetings
Directors are expected to attend the annual meeting absent a
valid reason for not doing so. All of our directors attended
the 2006 annual meeting of shareholders.
Directors' Compensation
We do not pay separate compensation to directors for their
service on the Board of Directors of Home Federal Bancorp. From
July 2006 to March 2007, members of Home Federal Savings and
Loan's Board of Directors received $600 per regular Board meeting
held. Beginning in April 2007, regular Board meeting fees were
increased to $750 per meeting. Members of Home Federal Savings
and Loan's committees received $50 per committee meeting, only if
attended. Meetings of the Board or committees held
telephonically are not paid. The members of the Board may also
receive bonuses in June and December of each year. Board fees
are subject to periodic adjustment by the Board of Directors.
The table below summarizes the total compensation paid to
our non-employee directors for the fiscal year ended June 30,
2007.
Fees Earned or Stock Option All Other
Name Paid in Cash Awards(1) Awards(1) Compensation(2) Total(3)
---------------------- -------------- --------- --------- --------------- --------
Walter T. Colquitt III $7,650 $5,890 $2,690 $2,497 $18,728
Henry M. Hearne 7,700 5,890 2,690 2,497 18,778
David A. Herndon III 7,700 5,890 2,690 2,497 18,778
Woodus K. Humphrey 5,850 5,890 2,690 2,497 16,928
Scott D. Lawrence 7,100 5,890 2,690 2,497 18,178
Amos L. Wedgeworth, Jr. 6,900 5,890 2,690 2,497 17,978
Sidney D. York 7,650 5,890 2,690 2,497 18,728
______________________
(1) The column "Stock Awards" reflects expense recognized
during fiscal 2007 in accordance with Statement of
Financial Accounting Standards No. 123(R) related to
grants of restricted stock awards to directors under
the 2005 Recognition and Retention Plan. Such awards
are vesting pro rata over five years commencing on the
first anniversary of the grant date. The column
"Option Awards" reflects expense recognized during
fiscal year 2007 in accordance with Statement of
Financial Accounting Standards No. 123(R) related to
grants of stock options on August 18, 2005 for each non-
employee director made pursuant to our 2005 Stock
Option Plan, which options have an exercise price of
$9.85 and vest pro rata over five years commencing on
the first anniversary of the date of grant. No
restricted stock awards or stock option awards were
made in fiscal 2007.
(Footnotes continued on the following page)
5
_____________________
(2) Includes dividends and interest thereon paid on shares
awarded pursuant to the 2005 Recognition and Retention
Plan that vested during fiscal 2007. Dividends paid on
the restricted common stock are held in the Recognition
Plan Trust and paid to the recipient when the
restricted stock is earned. Also includes bonuses paid
in December 2006 and June 2007.
(3) At June 30, 2007, each non-employee director held 1,793
unvested stock awards under our 2005 Recognition and
Retention Plan and an aggregate of 7,473 outstanding
options under our 2005 Stock Option Plan:
In accordance with the rules and regulations of the Office
of Thrift Supervision, no future grants or awards are permissible
for our non-employee directors under the 2005 Stock Option Plan
or 2005 Recognition and Retention Plan unless previous awards are
forfeited by our current non-employee directors.
_____________________________________________________________________
REPORT OF THE AUDIT COMMITTEE
_____________________________________________________________________
The functions of the Audit Committee include the following:
performing all duties assigned by the Board of Directors,
reviewing with management and independent public accountants the
basis for the reports issued by Home Federal Saving and Loan
Association and Home Federal Bancorp, Inc. pursuant to federal
regulatory requirements, meeting with the independent registered
public accounting firm to review the scope of audit services,
significant accounting changes and audit conclusions regarding
significant accounting estimates, assessments as to the adequacy
of internal controls and the resolution of any significant
deficiencies or material control weaknesses, and assessing
compliance with laws and regulations and overseeing the internal
audit function. The Audit Committee also reviews and assesses
the adequacy of its Charter on an annual basis.
The Audit Committee has reviewed and discussed Home Federal
Bancorp's audited financial statements with management. The
Audit Committee has discussed with Home Federal Bancorp's
independent registered public accounting firm, LaPorte Sehrt
Romig and Hand, the matters required to be discussed by the
Statement on Auditing Standards ("SAS") No. 61, "Communication
with Audit Committees," as amended by SAS No. 90, "Audit
Committee Communications." The Audit Committee has received the
written disclosures and the letter from the independent
registered public accounting firm required by Independence
Standards Board Standard No. 1, "Independence Discussions with
Audit Committees" and has discussed with LaPorte Sehrt Romig &
Hand, the independent auditor's independence. Based on the
review and discussions referred to above in this report, the
Audit Committee recommended to the Board of Directors that the
audited financial statements be included in Home Federal
Bancorp's Annual Report on Form 10-KSB for fiscal year 2007 for
filing with the Securities and Exchange Commission.
Members of the Audit Committee
Henry M. Hearne
David A. Herndon III
Scott D. Lawrence
6
_____________________________________________________________________
MANAGEMENT COMPENSATION
_____________________________________________________________________
Summary Compensation Table
The following table sets forth a summary of certain information
concerning the compensation paid by Home Federal Savings and Loan
Association for services rendered in all capacities during the fiscal
year ended June 30, 2007 to our principal executive officer and the
only other executive officer whose total compensation exceeded $100,000
during fiscal 2007. Home Federal Bancorp, the holding company of Home
Federal Savings and Loan Association, has not paid separate cash
compensation to our executive officers.
Fiscal Stock Option All Other
Name and Principal Position Year Salary Bonus Awards(1) Awards(1) Compensation(2) Total
--------------------------- ------ -------- ------- --------- --------- --------------- --------
Daniel R. Herndon 2007 $130,350 $23,035 $34,337 $15,660 $51,672 $255,054
President and Chief
Executive Officer
Clyde D. Patterson 2007 103,700 16,370 18,321 9,417 36,988 184,797
Executive Vice President
___________________
(1) Reflects the amount expensed in accordance with Statement of
Financial Accounting Standards No. 123(R) during fiscal 2007
for awards of restricted stock that vested during fiscal
2007, with respect to each of the named executive officers.
The valuation of the restricted stock awards is based on a
grant date fair value of $9.85.
(2) Includes contributions by Home Federal Savings and Loan of
$7,220 and $6,103 to the accounts of Messrs. Herndon and
Patterson, respectively, under the Home Federal Savings and
Loan 401(k) Plan during fiscal 2007, the fair market value
($10.29) on December 31, 2006, the date shares of Home
Federal Bancorp common stock were allocated, multiplied by
the 948 and 754 shares allocated to the employee stock
ownership plan accounts of Messrs. Herndon and Patterson,
respectively, during fiscal 2007 and $9,650 and $8,900 in
directors' fees paid to Messrs. Herndon and Patterson,
respectively, during fiscal 2007. Also includes health
insurance premiums paid on behalf of Messrs. Herndon and
Patterson, dividends and interest thereon paid on restricted
stock awards in fiscal 2007 and use of a company-owned
automobile.
Outstanding Equity Awards at Fiscal Year-End
Home Federal did not grant any awards of restricted stock or
stock options during fiscal 2007 to its executive officers named
above in the summary compensation table. The table below sets
forth outstanding equity awards at June 30, 2007 to our named
executive officers.
Stock Awards
Option Awards -------------------------------
----------------------------------------------------- Market Value
Number of Securities Number of of Shares or
Underlying Unexercised Options Option Shares or Units Units of Stock
------------------------------ Exercise Expiration of Stock That That Have
Name Exercisable Unexercisable Price Date Have Not Vested Not Vested
----------------- ------------- --------------- -------- ---------- --------------- --------------
Daniel R. Herndon 17,400 26,100 $9.85 8/18/2015 10,458 $105,626
Clyde D. Patterson 10,464 15,696 9.85 8/18/2015 5,580 56,358
Related Party Transactions
In accordance with applicable federal laws and regulations,
Home Federal Savings and Loan offers mortgage loans to its
directors, officers and employees as well as members of their
immediate families for the financing of their primary residences
and certain other loans. These loans are generally
7
made on substantially the same terms as those prevailing at the
time for comparable transactions with non-affiliated persons. It
is the belief of management that these loans neither involve more
than the normal risk of collectibility nor present other unfavorable
features.
_____________________________________________________________________
BENEFICIAL OWNERSHIP OF COMMON STOCK BY CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT
_____________________________________________________________________
The following table sets forth as of September 26, 2007, the
voting record date for the annual meeting, certain information as
to the common stock beneficially owned by (i) each person or
entity, including any "group" as that term is used in Section
13(d)(3) of the Securities Exchange Act of 1934, who or which was
known to us to be the beneficial owner of more than 5% of the
issued and outstanding common stock, (ii) the directors of Home
Federal Bancorp, (iii) certain executive officers of Home Federal
Bancorp; and (iv) all directors and executive officers of Home
Federal Bancorp as a group.
Name of Beneficial Amount and Nature of
Owner or Number of Beneficial Ownership as of Percent of
Persons in Group September 26, 2007(1) Common Stock(2)
-----------------------------------------------------------------------
Home Federal Mutual Holding... 2,135,375 63.1%
Company of Louisiana
624 Market Street
Shreveport, Louisiana 71101
Directors:
Walter T. Colquitt III...... 5,621(3) *
Henry M. Hearne............. 20,979(3)(4) *
Daniel R. Herndon........... 58,774(3)(5) 1.7
David A. Herndon III........ 24,979(3)(6) *
Woodus K. Humphrey.......... 5,521(3) *
Scott D. Lawrence........... 15,979(3)(7) *
Clyde D. Patterson.......... 24,843(3)(8) *
Amos L. Wedgeworth, Jr...... 6,979(3) *
Sidney D. York.............. 7,479(3) *
All Directors and Executive
Officers as a Group
(10 persons)................ 175,859(3) 5.1%
___________________
* Represents less than 1% of our outstanding common stock.
(1) Based upon filings made pursuant to the Securities Exchange
Act of 1934 and information furnished by the respective
individuals. Under regulations promulgated pursuant to the
Securities Exchange Act of 1934, shares of common stock are
deemed to be beneficially owned by a person if he or she
directly or indirectly has or shares (i) voting power, which
includes the power to vote or to direct the voting of the
shares, or (ii) investment power, which includes the power
to dispose or to direct the disposition of the shares.
Unless otherwise indicated, the named beneficial owner has
sole voting and dispositive power with respect to the
shares.
(2) Each beneficial owner's percentage ownership is determined
by assuming that options held by such person (but not those
held by any other person) and that are exercisable within 60
days of the voting record date have been exercised.
(3) Includes a total of 29,885 shares over which the directors
and executive officers as a group (10 persons) have voting
power which are held in the 2005 Recognition and Retention
Plan Trust, that are part of grant awards that are vesting
at a rate of 20% per year commencing on August 18, 2006.
The trust holds 1,793 of such shares on behalf of each non-
employee director and on behalf of Messrs. Daniel Herndon
and Clyde Patterson, 10,458 and 5,580 of such shares,
respectively. Includes a total of 50,846 shares subject to
stock options granted pursuant to the 2005 Stock Option Plan
that are exercisable within 60 days of the voting record
date. Each non-employee director holds 2,990 of such stock
options and Messrs. Daniel Herndon and Clyde Patterson hold
17,400 and 10,464 stock options, respectively.
(4) Includes 5,000 shares held by Mr. Hearne's spouse and 10,000
shares held by the Grand Bend Investments LLC, of which Mr.
Hearne is a principal.
(Footnotes continued on following page)
8
___________________
(5) Includes 11,342 shares held in Home Federal Savings and Loan
Association's 401(k) Plan for the benefit of Mr. Herndon,
1,895 shares allocated to Mr. Herndon's account in the Home
Federal Savings and Loan Association employee stock
ownership plan and 13,000 shares held by Herndon Investment
Company LLC over which Mr. Herndon disclaims beneficial
ownership except with respect to his 50% ownership interest
therein.
(6) Includes 13,000 shares held by Herndon Investment Company
LLC, of which Mr. Herndon is a 50% owner, and over which he
disclaims beneficial ownership except with respect to his
pecuniary interest therein.
(7) Includes 5,000 shares held in Mr. Lawrence's individual
retirement account.
(8) The 5,007 shares are held in Home Federal Savings and Loan
Association's 401(k) Plan for the benefit of Mr. Patterson
and 1,508 shares allocated to Mr. Patterson's account in the
employee stock ownership plan.
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Securities Exchange Act of 1934, as
amended, requires the officers and directors, and persons who own
more than 10% of Home Federal Bancorp's common stock to file
reports of ownership and changes in ownership with the Securities
and Exchange Commission. Officers, directors and greater than
10% shareholders are required by regulation to furnish Home
Federal Bancorp with copies of all Section 16(a) forms they file.
We know of no person who owns 10% or more of our common stock
other than Home Federal Mutual Holding Company.
Based solely on our review of the copies of such forms
furnished to us, or written representations from our officers and
directors, we believe that during, and with respect to, the
fiscal year ended June 30, 2007, our officers and directors
complied in all respects with the reporting requirements
promulgated under Section 16(a) of the Securities Exchange Act of
1934.
_____________________________________________________________________
RATIFICATION OF APPOINTMENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PROPOSAL TWO)
_____________________________________________________________________
The Audit Committee of the Board of Directors of Home
Federal Bancorp has appointed LaPorte Sehrt Romig & Hand,
independent registered public accounting firm, to perform the
audit of our financial statements for the year ending June 30,
2008, and further directed that the selection of auditors be
submitted for ratification by the shareholders at the annual
meeting.
We have been advised by LaPorte Sehrt Romig & Hand that
neither that firm nor any of its associates has any relationship
with Home Federal Bancorp or its subsidiaries other than the
usual relationship that exists between an independent registered
public accounting firm and its clients. LaPorte Sehrt Romig &
Hand will have one or more representatives at the annual meeting
who will have an opportunity to make a statement, if they so
desire, and will be available to respond to appropriate
questions.
In determining whether to appoint LaPorte Sehrt Romig & Hand
as our independent registered public accounting firm, the Audit
Committee considered whether the provision of services, other
than auditing services, by LaPorte Sehrt Romig & Hand is
compatible with maintaining their independence. In fiscal 2007
and 2006, LaPorte Sehrt Romig & Hand performed auditing services
as well as reviewed our public filings. The Audit Committee
believes that LaPorte Sehrt Romig & Hand's performance of these
services is compatible with maintaining the independent
registered public accounting firm's independence.
9
Audit Fees
The following table sets forth the aggregate fees paid by us
to LaPorte Sehrt Romig & Hand for professional services rendered
by LaPorte Sehrt Romig & Hand in connection with the audit of
Home Federal Bancorp's consolidated financial statements for
fiscal 2007 and 2006, as well as the fees paid by us to LaPorte
Sehrt Romig & Hand for audit-related services, tax services and
all other services rendered by LaPorte Sehrt Romig & Hand to us
during fiscal 2007 and 2006.
Year Ended June 30,
-------------------
2007 2006
--------- --------
Audit fees (1)..................... $45,000 $46,500
Audit-related fees................. 15,000 --
Tax fees........................... -- --
All other fees..................... 450 --
------ ------
Total............................ $60,450 $46,500
====== ======
___________________
(1) Audit fees consist of fees incurred in connection with the
audit of our annual financial statements and the review of
the interim financial statements included in our quarterly
reports filed with the Securities and Exchange Commission,
as well as work generally only the independent auditor can
reasonably be expected to provide, such as statutory audits,
consents and assistance with and review of documents filed
with the Securities and Exchange Commission.
(2) Audit related fees consist of fees incurred in connection
with the provision of due diligence services.
(3) All other fees consist of fees incurred in connection with
services rendered to review certain operational aspects of
an employee benefit plan.
The Audit Committee selects our independent registered
public accounting firm and pre-approves all audit services to be
provided by it to Home Federal Bancorp. The Audit Committee also
reviews and pre-approves all audit-related and non-audit related
services rendered by our independent registered public accounting
firm in accordance with the Audit Committee's charter. In its
review of these services and related fees and terms, the Audit
Committee considers, among other things, the possible effect of
the performance of such services on the independence of our
independent registered public accounting firm. The Audit
Committee pre-approves certain audit-related services and certain
non-audit related tax services which are specifically described
by the Audit Committee on an annual basis and separately approves
other individual engagements as necessary.
Each new engagement of LaPorte Sehrt Romig & Hand was
approved in advance by the Audit Committee or its Chair, and none
of those engagements made use of the de minimis exception to pre-
approval contained in the Securities and Exchange Commission's
rules.
The Board of Directors recommends that you vote FOR the ratification of the
appointment of LaPorte Sehrt Romig & Hand as our independent registered
public accounting firm for the fiscal year ending June 30, 2008.
_____________________________________________________________________
SHAREHOLDER PROPOSALS, NOMINATIONS AND COMMUNICATIONS
WITH THE BOARD OF DIRECTORS
_____________________________________________________________________
Shareholder Proposals. Any proposal which a shareholder
wishes to have included in the proxy materials of Home Federal
Bancorp relating to the next annual meeting of shareholders of
Home Federal Bancorp, which is anticipated to be held in November
2008, must be made in writing and filed with the Corporate
Secretary, DeNell W. Mitchell, Home Federal Bancorp, 624 Market
Street, Shreveport, Louisiana, 71101, no later than June 13,
2008. If such proposal is in compliance with all of the
10
requirements of Rule 14a-8 under the Securities Exchange Act of
1934, as amended, it will be included in the proxy statement and
set forth on the form of proxy issued for such annual meeting of
shareholders. It is urged that any such proposals be sent
certified mail, return receipt requested.
Shareholder proposals which are not submitted for inclusion
in Home Federal Bancorp's proxy materials pursuant to Rule 14a-8
may be brought before an annual meeting pursuant to Article II,
Section 15 of Home Federal Bancorp's Bylaws. Notice of the
proposal must be given in writing and delivered to, or mailed and
received at, our principal executive offices five days before the
date of the annual meeting. The notice must include the
information required by Article II, Section 15 of our Bylaws.
Shareholder Nominations. Our Bylaws provide that all
nominations for election to the Board of Directors, other than
those made by the Board or a committee thereof, shall be made by
a shareholder who has complied with the notice and information
requirements contained in Article II, Section 14 of our Bylaws.
Written notice of a shareholder nomination generally must be
communicated to the attention of the Secretary and either
delivered to, or mailed and received at, our principal executive
offices not later than, with respect to an annual meeting of
shareholders five days before the date of the annual meeting.
Other Shareholder Communications. Shareholders who wish to
communicate with the Board may do so by sending written
communications addressed to the Board of Directors of Home
Federal Bancorp, Inc., c/o DeNell W. Mitchell, Corporate
Secretary, at 624 Market Street, Shreveport, Louisiana 71101.
Ms. Mitchell will forward such communications to the director or
directors to whom they are addressed.
_____________________________________________________________________
ANNUAL REPORTS
_____________________________________________________________________
A copy of Home Federal Bancorp's Annual Report for the year
ended June 30, 2007 accompanies this proxy statement. Such
annual report is not part of the proxy solicitation materials.
Upon receipt of a written request, we will furnish to any
shareholder a copy of the Form 10-KSB for the year ended June 30,
2007 and exhibits to the Annual Report on Form 10-KSB. Such
written requests should be directed to Ms. DeNell W. Mitchell,
Corporate Secretary, Home Federal Bancorp, Inc., 624 Market
Street, Shreveport, Louisiana 71101.
_____________________________________________________________________
OTHER MATTERS
_____________________________________________________________________
Management is not aware of any business to come before the
annual meeting other than the matters described above in this
proxy statement. However, if any other matters should properly
come before the meeting, it is intended that the proxies
solicited hereby will be voted with respect to those other
matters in accordance with the judgment of the persons voting the
proxies.
The cost of the solicitation of proxies will be borne by
Home Federal Bancorp. Home Federal Bancorp will reimburse
brokerage firms and other custodians, nominees and fiduciaries
for reasonable expenses incurred by them in sending the proxy
materials to the beneficial owners of Home Federal Bancorp's
common stock. In addition to solicitations by mail, directors,
officers and employees of Home Federal Bancorp may solicit
proxies personally or by telephone without additional
compensation.
11
[X] Please Mark Votes
As in This Example REVOCABLE PROXY
HOME FEDERAL BANCORP, INC. OF LOUISIANA
ANNUAL MEETING OF SHAREHOLDERS
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS OF HOME
FEDERAL BANCORP, INC. OF LOUISIANA FOR USE AT THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON NOVEMBER 14, 2007 AND AT ANY ADJOURNMENT THEREOF.
The undersigned hereby appoints the Board of Directors of Home Federal
Bancorp, Inc. of Louisiana or any successors thereto, as proxies with full
powers of substitution, to represent and vote, as designated below, all the
shares of common stock of Home Federal Bancorp, Inc. held of record by the
undersigned on September 26, 2007 at the Annual Meeting of Shareholders to be
held at the main office of Home Federal Bancorp, located at 624 Market Street,
Shreveport, Louisiana on Wednesday, November 14, 2007, at 10:00 a.m., Central
Time, or at any adjournment thereof.
1. ELECTION of directors for three year term.
[ ] FOR [ ] WITHHOLD [ ] FOR ALL EXCEPT
NOMINEES for three-year term expiring in 2010: Walter T. Colquitt III,
Daniel R. Herndon and Scott D. Lawrence
INSTRUCTION: To withhold authority to vote for any individual nominee, mark
"For All Except" and write that nominee's name in the space provided below.
_______________________________________________
2. PROPOSAL to ratify the appointment of LaPorte Sehrt Romig & Hand as Home
Federal Bancorp's independent registered public accounting firm for the fiscal
year ending June 30, 2008.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
3. In their discretion, the proxies are authorized to vote upon such other
business as may properly come before the meeting.
The Board of Directors recommends that you vote "FOR" all the nominees
listed above and "FOR" the ratification of LaPorte Sehrt Romig & Hand.
THE SHARES OF HOME FEDERAL BANCORP'S COMMON STOCK WILL BE VOTED AS
SPECIFIED. IF NOT OTHERWISE SPECIFIED, THIS PROXY WILL BE VOTED FOR THE
NOMINEES TO THE BOARD OF DIRECTORS AND FOR RATIFICATION OF HOME FEDERAL
BANCORP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, AND OTHERWISE AT THE
DISCRETION OF THE PROXIES. YOU MAY REVOKE THIS PROXY AT ANY TIME PRIOR TO THE
TIME IT IS VOTED AT THE ANNUAL MEETING.
_____________________________
Date
Please be sure to sign and date
this Proxy in the box below.
_________________________________________________________________
____ Shareholder sign above______ Co-holder (if any) sign above__
--------------------------------------------------------------------------
^ ^
Detach above card, sign, date and mail in postage paid envelope provided.
HOME FEDERAL BANCORP, INC. OF LOUISIANA
The above signed hereby acknowledges receipt of the Notice of Annual
Meeting of Shareholders of Home Federal Bancorp, Inc. of Louisiana and the
accompanying Proxy Statement and Annual Report for the year ended June 30,
2007, prior to the signing of this proxy.
------------------------------------------------------------------------------
Please sign this proxy exactly as your name(s) appear(s) on this proxy.
When signing in a representative capacity, please give title. When shares are
held jointly, only one holder need sign.
PLEASE ACT PROMPTLY
SIGN, DATE & MAIL YOUR PROXY CARD TODAY
------------------------------------------------------------------------------
IF YOUR ADDRESS HAS CHANGED, PLEASE CORRECT THE ADDRESS IN THE SPACE PROVIDED
BELOW AND RETURN THIS PORTION WITH THE PROXY IN THE ENVELOPE PROVIDED.
___________________________________________________
___________________________________________________
___________________________________________________
[X] Please Mark Votes
As in This Example
HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
EMPLOYEES' SAVINGS AND PROFIT SHARING PLAN
VOTING INSTRUCTION BALLOT
____________________
HOME FEDERAL BANCORP, INC. OF LOUISIANA
ANNUAL MEETING OF SHAREHOLDERS
____________________
The undersigned hereby instructs the Trustees of the Employees' Savings
and Profit Sharing Plan (the "401(k) Plan") of Home Federal Savings and Loan
Association to vote, as designated below, all the shares of common stock of
Home Federal Bancorp, Inc. allocated to my 401(k) Plan account as of September
26, 2007 at the Annual Meeting of Shareholders to be held at Home Federal
Bancorp's main office located at 624 Market Street, Shreveport, Louisiana, on
Wednesday, November 14, 2007, at 10:00 a.m., Central Time, or at any
adjournment thereof.
1. ELECTION of directors for three year term.
[ ] FOR [ ] WITHHOLD [ ] FOR ALL EXCEPT
NOMINEES for three year term expiring in 2010: Walter T. Colquitt III,
Daniel R. Herndon and Scott D. Lawrence
INSTRUCTION: To withhold authority to vote for any individual nominee, mark
"For All Except" and write that nominee's name in the space provided below.
_______________________________________________
2. PROPOSAL to ratify the appointment of LaPorte Sehrt Romig & Hand as Home
Federal Bancorp's independent registered public accounting firm for the fiscal
year ending June 30, 2008.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
3. In their discretion, the Trustees are authorized to vote upon such other
business as may properly come before the meeting.
The Board of Directors recommends that you vote "FOR" all the nominees
listed above and "FOR" the ratification of LaPorte Sehrt Romig & Hand.
THE SHARES OF HOME FEDERAL BANCORP'S COMMON STOCK WILL BE VOTED AS
SPECIFIED. IF NOT OTHERWISE SPECIFIED, THE SHARES WILL BE VOTED FOR THE
NOMINEES TO THE BOARD OF DIRECTORS AND FOR RATIFICATION OF HOME FEDERAL
BANCORP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, AND OTHERWISE AT THE
DISCRETION OF THE TRUSTEES.
The undersigned hereby acknowledges receipt of the Notice of Annual
Meeting of Shareholders of Home Federal Bancorp, Inc. and the accompanying
Proxy Statement and Annual Report for the year ended June 30, 2007 prior to
the signing of this card.
Please sign this card exactly as your name appears on this card. When
signing in a representative capacity, please give title.
_______________
Date
Please be sure to sign and
date this Card.
______________________________________________
____ Participant sign above___________________
[Home Federal Bancorp, Inc. of Louisiana Logo]
October 11, 2007
To: Participants in the Home Federal Savings and Loan Association Employees'
Savings and Profit Sharing Plan (the "401(k) Plan")
Re: Instructions for voting shares of Home Federal Bancorp, Inc. of Louisiana
As described in the enclosed materials, proxies are being solicited in
connection with the proposals to be considered at the upcoming Annual Meeting
of Shareholders of Home Federal Bancorp, Inc. We hope you will take advantage
of the opportunity to direct the manner in which shares of common stock of
Home Federal Bancorp allocated to your account in the Home Federal Savings and
Loan Association 401(k) Plan will be voted.
Enclosed with this letter is the Proxy Statement, which describes the
matters to be voted upon, 2007 Annual Report to Shareholders and Voting
Instruction Ballot. After you have reviewed the Proxy Statement, we urge you
to vote your allocated shares held in the 401(k) Plan by marking, dating,
signing and returning the enclosed Voting Instruction Ballot. In order to be
effective, your Voting Instruction Ballot must be received by Clyde D.
Patterson no later than November 7, 2007. Mr. Patterson will tabulate the
votes for the purpose of having those shares voted by the Trustees.
We urge each of you to vote, as a means of participating in the governance
of the affairs of Home Federal Bancorp. If your voting instructions are not
received, the shares allocated to your 401(k) Plan account will generally not
be voted. While I hope that you will vote in the manner recommended by the
Board of Directors, the most important thing is that you vote in whatever
manner you deem appropriate. Please take a moment to do so.
Please note that the enclosed material relates only to those shares which
have been allocated to you in your account under the 401(k) Plan. If you also
own shares of Home Federal Bancorp common stock outside of the 401(k) Plan,
you should receive other voting material for those shares owned by you
individually. Please return all your voting material so that all your shares
may be voted.
Sincerely,
/s/ Daniel R. Herndon
Daniel R. Herndon
President
[X] Please Mark Votes
As in This Example
HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
RECOGNITION AND RETENTION PLAN
VOTING INSTRUCTION BALLOT
____________________
HOME FEDERAL BANCORP, INC. OF LOUISIANA
ANNUAL MEETING OF SHAREHOLDERS
____________________
The undersigned hereby instructs the Trustees of the 2005 Recognition and
Retention Plan (the "Recognition Plan") of Home Federal Bancorp, Inc. to vote,
as designated below, all the shares of common stock of Home Federal Bancorp,
Inc. granted pursuant to the Recognition Plan to the undersigned as of
September 26, 2007 at the Annual Meeting of Shareholders to be held at Home
Federal Bancorp's main office located at 624 Market Street, Shreveport,
Louisiana, on Wednesday, November 14, 2007, at 10:00 a.m., Central Time, or
at any adjournment thereof.
1. ELECTION of directors for three year term.
[ ] FOR [ ] WITHHOLD [ ] FOR ALL EXCEPT
NOMINEES for three year term expiring in 2010: Walter T.Colquitt III,
Daniel R. Herndon and Scott D. Lawrence
INSTRUCTION: To withhold authority to vote for any individual nominee, mark
"For All Except" and write that nominee's name in the space provided below.
_______________________________________________
2. PROPOSAL to ratify the appointment of LaPorte Sehrt Romig & Hand as Home
Federal Bancorp's independent registered public accounting firm for the fiscal
year ending June 30, 2008.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
3. In their discretion, the Trustees are authorized to vote upon such other
business as may properly come before the meeting.
The Board of Directors recommends that you vote "FOR" all the nominees
listed above and "FOR" the ratification of LaPorte Sehrt Romig & Hand.
THE SHARES OF HOME FEDERAL BANCORP'S COMMON STOCK WILL BE VOTED AS
SPECIFIED. IF NOT OTHERWISE SPECIFIED, THE SHARES WILL BE VOTED FOR THE
NOMINEES TO THE BOARD OF DIRECTORS AND FOR RATIFICATION OF HOME FEDERAL
BANCORP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, AND OTHERWISE AT
THE DISCRETION OF THE TRUSTEES.
The undersigned hereby acknowledges receipt of the Notice of Annual
Meeting of Shareholders of Home Federal Bancorp, Inc. and the accompanying
Proxy Statement and Annual Report for the year ended June 30, 2007 prior to
the signing of this card.
Please sign this card exactly as your name appears on this card. When
signing in a representative capacity, please give title.
______________
Date
Please be sure to sign and
date this Card.
_________________________________________
____ Participant sign above _____________
[Home Federal Bancorp, Inc. of Louisiana Logo]
October 11, 2007
To: Persons Granted Restricted Stock under Home Federal Bancorp's Recognition
and Retention Plan (the "Recognition Plan")
Re: Instructions for voting shares of Home Federal Bancorp, Inc. of Louisiana
As described in the enclosed materials, proxies are being solicited in
connection with the proposals to be considered at the upcoming Annual Meeting
of Shareholders of Home Federal Bancorp, Inc. We hope you will take advantage
of the opportunity to direct the manner in which shares of common stock of
Home Federal Bancorp granted to you pursuant to the 2005 Recognition and
Retention Plan will be voted.
Enclosed with this letter is the Proxy Statement, which describes the
matters to be voted upon, 2007 Annual Report to Shareholders and Voting
Instruction Ballot. After you have reviewed the Proxy Statement, we urge you
to vote the restricted shares granted to you by marking, dating, signing and
returning the enclosed Voting Instruction Ballot. Mr. Patterson will tabulate
the votes for the purpose of having those shares voted by the Trustees at the
Annual Meeting.
We urge each of you to vote, as a means of participating in the governance
of the affairs of Home Federal Bancorp. If your voting instructions are not
received, the restricted shares granted to you will be voted by the Trustees
in their sole discretion. While I hope that you will vote in the manner
recommended by the Board of Directors, the most important thing is that you
vote in whatever manner you deem appropriate. Please take a moment to do so.
Please note that the enclosed material relates only to those shares which
have been granted to you pursuant to the 2005 Recognition and Retention Plan.
If you also own shares of Home Federal Bancorp common stock outside of the
Recognition Plan, you should receive other voting material for those shares
owned by you individually. Please return all your voting material so that all
your shares may be voted.
Sincerely,
/s/ Daniel R. Herndon
Daniel R. Herndon
President
[X] Please Mark Votes
As in This Example
HOME FEDERAL SAVINGS AND LOAN ASSOCIATION
EMPLOYEE STOCK OWNERSHIP PLAN
VOTING INSTRUCTION BALLOT
____________________
HOME FEDERAL BANCORP, INC. OF LOUISIANA
ANNUAL MEETING OF SHAREHOLDERS
____________________
The undersigned hereby instructs the Trustees of the Employee Stock
Ownership Plan (the "ESOP") of Home Federal Savings and Loan Association to
vote, as designated below, all the shares of common stock of Home Federal
Bancorp, Inc. allocated to my ESOP account as of September 26, 2007 at the
Annual Meeting of Shareholders to be held at Home Federal Bancorp's main office
located at 624 Market Street, Shreveport, Louisiana, on Wednesday, November
14, 2007, at 10:00 a.m., Central Time, or at any adjournment thereof.
1. ELECTION of directors for three year term.
[ ] FOR [ ] WITHHOLD [ ] FOR ALL EXCEPT
NOMINEES for three year term expiring in 2010: Walter T. Colquitt III, Daniel
R. Herndon and Scott D. Lawrence
INSTRUCTION: To withhold authority to vote for any individual nominee, mark
"For All Except" and write that nominee's name in the space provided below.
_______________________________________________
2. PROPOSAL to ratify the appointment of LaPorte Sehrt Romig & Hand as Home
Federal Bancorp's independent registered public accounting firm for the fiscal
year ending June 30, 2008.
[ ] FOR [ ] AGAINST [ ] ABSTAIN
3. In their discretion, the Trustees are authorized to vote upon such other
business as may properly come before the meeting.
The Board of Directors recommends that you vote "FOR" all the nominees
listed above and "FOR" the ratification of LaPorte Sehrt Romig & Hand.
THE SHARES OF HOME FEDERAL BANCORP'S COMMON STOCK WILL BE VOTED AS
SPECIFIED. IF NOT OTHERWISE SPECIFIED, THE SHARES WILL BE VOTED FOR THE
NOMINEES TO THE BOARD OF DIRECTORS AND FOR RATIFICATION OF HOME FEDERAL
BANCORP'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM, AND OTHERWISE AT THE
DISCRETION OF THE TRUSTEES.
The undersigned hereby acknowledges receipt of the Notice of Annual
Meeting of Shareholders of Home Federal Bancorp, Inc. and the accompanying
Proxy Statement and Annual Report for the year ended June 30, 2007 prior to
the signing of this card.
Please sign this card exactly as your name appears on this card. When
signing in a representative capacity, please give title.
______________
Date
Please be sure to sign and
date this Card.
_________________________________________
____ Participant sign above _____________
[Home Federal Bancorp, Inc. of Louisiana Logo]
October 11, 2007
To: Participants in the Home Federal Savings and Loan Association Employee
Stock Ownership Plan (the "ESOP")
Re: Instructions for voting shares of Home Federal Bancorp, Inc. of Louisiana
As described in the enclosed materials, proxies are being solicited in
connection with the proposals to be considered at the upcoming Annual Meeting
of Shareholders of Home Federal Bancorp, Inc. We hope you will take advantage
of the opportunity to direct the manner in which shares of common stock of
Home Federal Bancorp allocated to your account in the Home Federal Savings and
Loan Association ESOP will be voted.
Enclosed with this letter is the Proxy Statement, which describes the
matters to be voted upon, 2007 Annual Report to Shareholders and Voting
Instruction Ballot. After you have reviewed the Proxy Statement, we urge you
to vote your allocated shares held in the ESOP by marking, dating, signing and
returning the enclosed Voting Instruction Ballot. In order to be effective,
your Voting Instruction Ballot must be received by Clyde D. Patterson no later
than November 7, 2007. Mr. Patterson will tabulate the votes for the purpose
of having those shares voted by the Trustees.
We urge each of you to vote, as a means of participating in the governance
of the affairs of Home Federal Bancorp. If your voting instructions are not
received, the shares allocated to your ESOP account will generally not be
voted. While I hope that you will vote in the manner recommended by the Board
of Directors, the most important thing is that you vote in whatever manner you
deem appropriate. Please take a moment to do so.
Please note that the enclosed material relates only to those shares which
have been allocated to you in your account under the ESOP. If you also own
shares of Home Federal Bancorp common stock outside of the ESOP, you should
receive other voting material for those shares owned by you individually.
Please return all your voting material so that all your shares may be voted.
Sincerely,
/s/ Daniel R. Herndon
Daniel R. Herndon
President