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Crane Credit Union has successfully completed the acquisition of Our Community Bank, enhancing its presence in Indiana. This acquisition was initially announced on August 19, 2020, and finalized on August 31, 2021, after obtaining shareholder and regulatory approvals. Crane now operates 20 branches, providing expanded services to Owen and Putnam Counties. Former OCB employees will continue with Crane, and OCB branches will operate under the Crane name. Following this transaction, shares of Home Financial Bancorp (HWEN) will be delisted from the OTC Pink Open Market.
Home Financial Bancorp (OTCPink: HWEN) reported its fourth quarter and annual financial results for the period ending June 30, 2021. Key highlights include an 11% decrease in net interest income ($71,000) and a 17% drop in non-interest income ($29,000) for Q4. Net income fell 18% to $60,000, while full-year results showed a net loss of $652,000 compared to a profit of $340,000 the previous year. Total assets increased slightly to $74.2 million, and total deposits rose to $58.3 million. Shareholders’ equity was reported at $8.2 million, indicating challenges in profitability and expense management.
HOME FINANCIAL BANCORP (OTCPink: HWEN) has declared a cash dividend of $0.04 per share for its fourth fiscal quarter ending June 30, 2021. This dividend payment is scheduled for June 24, 2021, to shareholders on record as of June 11, 2021. This decision underscores the Corporation's commitment to returning value to its investors amidst its operations through Our Community Bank in Spencer, Indiana.
Home Financial Bancorp (OTCPink: HWEN) has released its financial results for the third quarter and nine months ended March 31, 2021. The company reported a 34% decrease in net income for Q3, totaling $34,000, primarily due to a rise in legal fees related to the acquisition of its banking subsidiary. Year-to-date, the company experienced a net loss of $712,000, influenced by extraordinary expenses and a drop in interest income. Despite these challenges, non-interest income rose by 24% in Q3 and 13% year-to-date, highlighting operational resilience.
HOME FINANCIAL BANCORP (OTCPink: HWEN) has declared a cash dividend of $.04 per share on its Common Stock for the third fiscal quarter ended March 31, 2021. This dividend will be payable on March 25, 2021 to shareholders of record as of March 12, 2021. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
Home Financial Bancorp (OTCPink: HWEN) reported a net loss of $719,000 for the second quarter ended December 31, 2020, compared to a net income of $118,000 in the same quarter last year. Key factors included a $1.1 million one-time expense related to a defined benefit plan transfer. Net interest income decreased by 5% to $642,000, while non-interest expenses surged to $1.8 million, an increase of 91%. For the six-month period, total assets declined to $70.6 million, and shareholders’ equity decreased by 10% to $8.2 million.
