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. ___)

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Home Federal Bancorp, Inc. of Louisiana
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(Name of Person(s) Filing Proxy Statement, if other than Registrant)
 
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October 5, 20164, 2017


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 Home Federal Bancorp's principal office located at 624 Market Street, Shreveport, Louisiana, on Wednesday, November 9, 20168, 2017 at 10:00 a.m., Central Time. At the annual meeting, you will be asked to act on the following proposals, each of which are more completely set forth in the accompanying proxy statement:

(1)To elect three directors for a three-year term, or until their successors are elected and qualified; and

(2)To adopt a non-binding resolution approving the compensation of our named executive officers; and

(3)To ratify the appointment of LaPorte, A Professional Accounting Corporation as our independent registered public accounting firm for the fiscal year ending June 30, 2017.2018.

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, date and return your proxy card today in the envelope provided or vote over the Internet or by telephone if such option is available to you, even if you plan to attend the annual meeting.  This will not prevent you from voting in person at the annual meeting, 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,
Daniel R. Herndon
Executive Chairman of the Board

Very truly yours,

Daniel R. Herndon
Executive Chairman of the Board

 
 
 
 
HOME FEDERAL BANCORP, INC. OF LOUISIANA
624 Market Street
Shreveport, Louisiana 71101
(318) 222-1145
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
  
TIME
10:00 a.m., Central Time, Wednesday, November 9, 20168, 2017
  
PLACE
Home Federal Bank
624 Market Street
Shreveport, Louisiana
  
ITEMS OF BUSINESS
(1)
To elect three directors for a three-year term expiring in 20192020 and until their successors are elected
              and qualified; and
 
(2)         To adopt a non-binding resolution to approve the compensation of our named executive officers; and
(3)
To ratify the appointment of LaPorte, A Professional Accounting Corporation as our independent
              registered public accounting firm for the fiscal year ending June 30, 2017.2018.
  
 To transact such other business, as may properly come before the annual meeting or at any adjustment 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 20, 201619, 2017 are entitled to vote at the meeting.
  
ANNUAL REPORT
Our 20162017 Annual Report including the Form 10-K 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 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 the proxy card or voting instruction form you received.  You can revoke your 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
DeNell W. Mitchell
Corporate Secretary
Shreveport, Louisiana
October 5, 20164, 2017
 
 
 
TABLE OF CONTENTS
 Page
About the Annual Meeting of Shareholders1
  
Information with Respect to Nominees for Director, Continuing Directors and Executive Officers3
  
Election of Directors (Proposal One)3
  
Members of the Board of Directors Continuing in Office4
  
Director Nominations5
  
Director Independence5
  
Board Leadership Structure5
  
Compensation of Directors6
  
Meetings of the Board of Directors
7
  
Membership on Certain Board Committees
7
  
Board's Role in Risk Oversight8
  
Directors' Attendance at Annual Meetings8
  
Executive Officers Who Are Not Also Directors8
  
Report of the Audit Committee9
Management Compensation9
  
Summary Compensation Table9
  
Narrative to Summary Compensation Table  109
  
Outstanding Equity Awards at Fiscal Year-End
  10
  
Employment Agreements
  1110
  
Supplemental Executive Retirement Agreements  12
  
Loan Officer Incentive Plan  12
  
Retirement Benefits  1312
  
Stock Option Plans and Recognition and Retention Plans  1413
  
Survivor Benefit Plan  1413
  
Related Party Transactions  14
Proposal to Adopt a Non-Binding Resolution to Approve the Compensation of Our Named Executive Officers (Proposal Two)  14
  
Beneficial Ownership of Common Stock by Certain Beneficial Owners and Management  1514
  
Section 16(a) Beneficial Ownership Reporting Compliance  1716
  
Ratification of Appointment of Independent Registered Public Accounting Firm (Proposal Three)Two)  1716
  
Audit Fees
  16
Report of the Audit Committee  17
  
Shareholder Proposals, Nominations and Communications with the Board of Directors  1817
  
Annual Reports  18
  
Other Matters  1918
 
 
PROXY STATEMENT
OF
HOME FEDERAL BANCORP, INC. OF LOUISIANA
_____________________

ABOUT THE ANNUAL MEETING OF SHAREHOLDERS

We are furnishing this proxy statement to holders of common stock of Home Federal Bancorp, Inc. of Louisiana, the holding company of Home Federal Bank.  We are soliciting proxies on behalf of our Board of Directors to be used at the annual meeting of shareholders to be held at Home Federal Bancorp's principal office located at 624 Market Street, Shreveport, Louisiana, on Wednesday, November 9, 20168, 2017 at 10:00 a.m., Central Time, and any adjournment thereof, for the purposes set forth in the attached Notice of Annual Meeting of Shareholders.  This proxy statement is first being mailed to shareholders on or about October 5, 2016.4, 2017.

Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to Be Held on November 9, 2016.8, 2017.  This proxy statement and our 20162017 Annual Report are available at www.proxyvote.com and on our website at www.hfbla.com/investors.htm."investors.

What is the purpose of the annual meeting?

At our annual meeting, shareholders will act upon the matters outlined in the attached Notice of Annual Meeting of Shareholders, including the election of directors, adoption of a non-binding resolution approving the compensation of our named executive officers and ratification of our independent registered public accounting firm.  In addition, management may report on the performance of Home Federal Bancorp and will respond to questions from shareholders.

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 FOR approval of the non-binding resolution to approve the compensation of our named executive officers and FOR ratification of our independent registered public accounting firm for fiscal 2017.2018.

The proxy solicited hereby, if properly signed and returned to us or voted over the Internet or by telephone 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.

Who is entitled to vote?

Only our shareholders of record as of the close of business on the record date for the meeting, September 20, 2016,19, 2017, are entitled to vote at the meeting. On the record date, we had 1,960,7191,927,053 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 vote my shares?

After you have carefully read this proxy statement, indicate on your proxy card how you want your shares to be voted, then sign, date and mail your proxy card in the enclosed prepaid return envelope as soon as possible.  You may also vote by telephone or the Internet if indicated on your proxy card or voting instruction form. This will enable your shares to be represented and voted at the annual meeting.

 

1
Voting instructions from participants in the Home Federal Bank Employees' Savings and Profit Sharing Plan and Employee Stock Ownership Plan must be received by 11:59 p.m. Eastern Time on November 2, 2016,1, 2017, to be used by the plan Trustees to determine the votes for plan shares.

Can I attend the meeting and vote my shares in person?

Yes. 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.

Can I change my vote or revoke my proxy after I return my proxy card or vote by telephone or the Internet?

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 card or voted by telephone or the Internet.

First, you may complete and submit a new proxy card or vote by telephone or the Internet again before the deadline printed on the card.  Any earlier proxies will be revoked automatically.

Second, 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.

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.

If my shares are held in "street name" by my broker, could my broker automatically vote my shares?

Your broker may not vote on the election of directors or the proposal to adopt the non-binding resolution approving the compensation of our named executive officers if you do not furnish instructions for each of such proposalsproposal to your broker. You should use the voting instruction form or broker card provided by the institution that holds your shares to instruct your broker to vote your shares or else your shares may not be voted or may be considered "broker non-votes."

Your broker may vote in his or her discretion on the ratification of the appointment of our independent registered public accounting firm if you do not furnish instructions. If your broker votes in his or her discretion on proposal threetwo and you do not provide instructions for proposal one, or both of the other proposals, then your shares will be considered "broker non-votes" on proposals one and/or two.proposal one.

What constitutes a quorum?

The presence at the meeting, in person or by proxy, of the holders of a majority of the shares of common stock entitled to vote at the annual meeting will constitute a quorum.  Proxies received but marked as abstentions will be included in the calculation of the number of shareholders considered to be present at the 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. The affirmative vote of a majority of the total votes cast is required for approval of the proposal to adopt the non-binding resolution approving the compensation of our named executive officers and for approval of the proposal to ratify the appointment of LaPorte, A Professional Accounting Corporation as our independent registered public accounting firm for the year ending June 30, 2017.2018. Abstentions are considered in determining the presence of a quorum, but will not affect the vote on the proposals.
 
 
 
2
INFORMATION WITH RESPECT TO NOMINEES FOR DIRECTOR, CONTINUING
DIRECTORS AND EXECUTIVE OFFICERS

Election of Directors (Proposal One)

Our Articles of Incorporation 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 three year terms and until their successors are elected and qualified.

At this annual meeting, you will be asked to elect one class of directors, consisting of three directors, for a three-year term expiring in 20192020 and until their successors are elected and qualified.  Shareholders of Home Federal Bancorp are not permitted to use cumulative voting for the election of directors.  Our Board of Directors, upon recommendation of the Nominating and Corporate Governance Committee, nominated Messrs. Walter T. Colquitt, III, Daniel R. HerndonMark M. Harrison, Woodus K. Humphrey and Scott D. LawrenceTimothy W. Wilhite to a three-year term expiring in 2019.2020.  Our Articles of Incorporation provide that the Board of Directors will be divided into three classes as nearly equal in number as possible. Following the death of Mr. David Herndon in 2017, whose term expired at this annual meeting, the nominating and Corporate Governance Committee recommended that Mr. Timothy Wilhite move from the class of directors whose terms expire in 2018 to the class of directors whose terms expire in 2020 such that each class of directors consists of three members. 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.adoption.

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.  The indicated period of service as a director is presented on a calendar year basis and includes service for directors of Home Federal Bank prior to our reorganization into the holding company structure in 2005.  Ages are reflected as of September 20, 2016.19, 2017.

Nominees for Director for a Three-Year Term Expiring in 20192020

Name
Position with Home Federal Bancorp, Age and
Principal Occupation During the Past Five Years
Director
Since
Walter T. Colquitt, III
Director.  Dentist, Shreveport, Louisiana.
Dr. Colquitt brings extensive knowledge to the board of the local professional community   through his dental practice in Shreveport, Louisiana.  Age 71.
1993
Daniel R. Herndon
Executive Chairman of the Board of Home Federal Bancorp and Home Federal Bank since January 2016 and 2013, respectively. Chairman of the Board and Chief Executive Officer of Home Federal Bancorp from January 2013 to January 2016. Chairman of the Board, President and Chief Executive Officer of Home Federal Bancorp from 2005 through December 2012. Chairman of the Board and Chief Executive Officer of Home Federal Bank from January 1998 and September 1993, respectively, through December 2012.  President of Home Federal Bank from 1993 to February 2009.
Mr. Daniel Herndon brings valuable insight and knowledge to the board from his service as Executive Chairman, and previously, President and Chief Executive Officer of Home Federal Bancorp and as the longest serving member of the Board. Mr. Herndon has gained valuable banking and institutional knowledge from his years of service and his ties to the local business community in the greater Shreveport area.  Age 76.
1980
Scott D. Lawrence
Director.  President of Southwestern Wholesale, Shreveport, Louisiana since 1980.
Mr. Lawrence brings significant business enterprise and managerial oversight skills to the board as President and owner of a dry goods wholesale supplier in Shreveport, Louisiana.  Age 70.
1994
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 2017

Name
Position with Home Federal Bancorp, Age and
Principal Occupation During the Past Five Years
Director
Since
David A. Herndon, III
Director.  Retired geologist.
Mr. David Herndon brings valuable institutional knowledge to the board which he has gained through his years of service as a director, as well as knowledge of oil and gas industry customers through his work as a geologist in that industry.  Age 80.
1998
Woodus K. Humphrey
Director. Retired, former owner of Woodus Humphrey Insurance, Inc., Shreveport, Louisiana.
Mr. Humphrey brings entrepreneurial experience to the board as former owner of an insurance agency that focuses on property and liability insurance for woodworking plants and operations with field representatives in six states.  Age 76.
2001
   
Mark M. Harrison
Director. Owner of House of Carpets and Lighting, a floor coverings and lighting fixtures business in Shreveport, Louisiana, since September 2007 and an owner of Roly Poly sandwich franchises located in Shreveport and West Monroe, Louisiana since 2005.
 
Mr. Harrison brings substantial business and entrepreneurial experience to the board as owner of a local carpet and lighting business in Shreveport, Louisiana and sandwich franchises in the greater Shreveport area and West Monroe, Louisiana. Age 57.58.
2007
 2007
Woodus K. Humphrey
Director. Retired, former owner of Woodus Humphrey Insurance, Inc., Shreveport, Louisiana.
Mr. Humphrey brings entrepreneurial experience to the board as former owner of an insurance agency that focused on property and liability insurance for woodworking plants and operations with field representatives in six states.  Age 77.
2001
Timothy W. Wilhite
Director.  Chief Financial Officer and General Counsel of Wilhite Electric Co., Inc. since June 2001. Of Counsel for the law firm Downer & Wilhite, LLC. Serves on the Executive Committee and as Board Member of the Greater Bossier Economic Development Foundation. President of the Ark-La-Tex Regional Air Service Alliance (501(c)(4)).
Mr. Wilhite brings knowledge of the local business and legal community to the board through his service as Chairman of the Greater Bossier Economic Development Foundation and as a member of the Executive Committee of the Bossier Chamber of Commerce.  Age 48.
2010
The Board of Directors recommends that you vote FOR election
of the nominees for director.

Directors Whose Terms Expire in 2018

3
NameMembers of the Board of Directors Continuing in Office
 
Directors Whose Terms Expire in 2018
Name
Position with Home Federal Bancorp, Age and
Principal Occupation During the Past Five Years
Director
Since
James R. Barlow
Director. President and Chief Executive Officer of Home Federal Bancorp and Home Federal Bank since January 2016 and 2013, respectively.  Prior thereto, Mr. Barlow served as President and Chief Operating Officer of Home Federal Bancorp since November 2009 and Executive Vice President and Chief Operating Officer from November 2009 through December 2012.  Mr. Barlow served as President and Chief Operating Officer of Home Federal Bank from February 2009 through December 2012. Previously, Mr. Barlow served as Executive Vice President and Area Manager for the Arkansas-Louisiana-Texas area commercial real estate operations of Regions Bank from August 2006 until February 2009.  From 2005 until August 2006, Mr. Barlow was a Regions Bank City President for the Shreveport/Bossier area and from February 2003 to 2005 he served as Commercial Loan Manager for Regions Bank for the Shreveport/Bossier area.  Mr. Barlow served in various positions at Regions Bank since 1997.
 
Mr. Barlow brings substantial managerial, banking and lending experience to the board, as well as significant knowledge of the local commercial real estate market from his years of service as manager and regional President of a regional bank.  Age 48.49.
2009
   
Clyde D. Patterson
Director.  Executive Vice President of Home Federal Bancorp and Home Federal Bank since January 2005 and September 1993, respectively, and Treasurer of Home Federal Bancorp since July 2014. Previously, Mr. Patterson served as Executive Vice President and Chief Financial Officer of Home Federal Bancorp and Home Federal Bank from November 2009 to July 2014.
 
Mr. Patterson brings significant banking and institutional experience to the board having served in various positions with Home Federal Bank since 1964.  Age 74.75.
1990
 1990
4
Directors Whose Terms Expire in 2018 (continued)

Name
Position with Home Federal Bancorp, Age and
Principal Occupation During the Past Five Years
Director
Since
Thomas Steen Trawick, Jr.
Director. President of Medical Staff of CHRISTUS Health Louisiana and Staff Physician of CHRISTUS Health North Louisiana and Regional Medical Director of Sound Inpatient Physicians since January 2014. Prior thereto, Vice President of Medical Staff and Staff Physician of CHRISTUS Schumpert and CHRISTUS Highland and Medical Director of CHRISTUS Highland Hospitalist Program from February 2005 to December 2013.  Previously, Dr. Trawick had his private practice at Highland Clinic from September 2001 to February 2005.
 
Dr. Trawick brings management expertise to the board and knowledge of the local medical community as the past president of the Shreveport Medical Society and active involvement in the Louisiana State Medical Society.  Age 47.48.
2012
   
  
Timothy W. WilhiteDirectors Whose Terms Expire in 2019
Name
Position with Home Federal Bancorp, Age and
Principal Occupation During the Past Five Years
Director
Since
 
Walter T. Colquitt, III
Director.  Chief Financial Officer and General Counsel of Wilhite Electric Co., Inc. since June 2001. Of Counsel forDentist, Shreveport, Louisiana.
Dr. Colquitt brings extensive knowledge to the law firm Downer & Wilhite, LLC. Serves on the Executive Committee and as Board Memberboard of the Greater Bossier Economic Development Foundation.local professional community through his dental practice in Shreveport, Louisiana.  Age 72.
1993
4
Directors Whose Terms Expire in 2019 (Continued)
Name
Position with Home Federal Bancorp, Age and
Principal Occupation During the Past Five Years
Director
Since
Daniel R. Herndon
Executive Chairman of the Board of Home Federal Bancorp and Home Federal Bank since January 2016 and 2013, respectively. Chairman of the Board and Chief Executive Officer of Home Federal Bancorp from January 2013 to January 2016. Chairman of the Board, President and Chief Executive Officer of Home Federal Bancorp from 2005 through December 2012. Chairman of the Board and Chief Executive Officer of Home Federal Bank from January 1998 and September 1993, respectively, through December 2012.  President of the Ark-La-Tex Regional Air Service Alliance (501(c)(4)).Home Federal Bank from 1993 to February 2009.
 
Mr. WilhiteDaniel Herndon brings valuable insight and knowledge to the board from his service as Executive Chairman, and previously, President and Chief Executive Officer of Home Federal Bancorp and as the longest serving member of the Board. Mr. Herndon has gained valuable banking and institutional knowledge from his years of service and his ties to the local business community in the greater Shreveport area.  Age 77.
1980
Scott D. Lawrence
Director.  President of Southwestern Wholesale, Shreveport, Louisiana since 1980.
Mr. Lawrence brings significant business enterprise and legal communitymanagerial oversight skills to the board through his service as ChairmanPresident and owner of the Greater Bossier Economic Development Foundation and as a member of the Executive Committee of the Bossier Chamber of Commerce.dry goods wholesale supplier in Shreveport, Louisiana.  Age 47.71.
20101994

Director Nominations

Nominations for director of Home Federal Bancorp are made by the Nominating and Corporate Governance Committee. The Nominating and Corporate Governance Committee considers 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.  In addition, 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." As a result of the death of Mr. David Herndon in 2017, the Board has reduced the size of the Board to nine members effective as of the date of this annual meeting.

The charter of the Nominating and Corporate Governance Committee sets forth certain criteria the committee may consider when recommending individuals for nomination as director including: (a) ensuring that the Board of Directors, as a whole, is diverse and consists of individuals with various and relevant career experience, relevant technical skills, industry knowledge and experience, financial expertise (including expertise that could qualify a director as a "financial expert," as that term is defined by the rules of the SEC), local or community ties and (b) minimum individual qualifications, including strength of character, mature judgment, familiarity with our business and industry, independence of thought and an ability to work collegially.  The committee also may consider the extent to which the candidate would fill a present need on the Board of Directors.

Director Independence

A majority of Home Federal Bancorp's directors are independent directors as defined in the rules of the Nasdaq Stock Market.  The Board of Directors has determined that Drs. Colquitt and Trawick and Messrs. Harrison, Humphrey, Lawrence and Wilhite are independent directors.

Board Leadership Structure

Our Board of Directors is led by aan Executive Chairman, selected by the Board from time to time.  Presently,presently Mr. Daniel Herndon, serves as Executive Chairman of the Board.Herndon.  Mr. Barlow serves as our President and Chief Executive Officer and is also a member of the Board. The Board of Directors believes that the separation of the offices of Chairman of the Board and President enhances board independence and oversight.  Further, the separation of the Chairman of the Board permits the President and Chief Executive Officer to better focus on his responsibilities of managing the daily operations of Home Federal Bancorp, enhancing shareholder value and expanding and strengthening our franchise while allowing the Chairman of the Board to lead the Board of Directors in its fundamental role of providing independent oversight and advice to management. As President and Chief Executive Officer, Mr. Barlow is familiar with our business and operations and is well situated to lead discussions with the Board on important matters affecting the business of Home Federal Bancorp.
 
 
 
 
5
The Board of Directors is aware of the potential conflicts that may arise when an insider chairs the Board, but believes these are limited by existing safeguards which include the fact that as a financial institution holding company, much of our operations are highly regulated.

Compensation of Directors

Director Compensation Table. The table below summarizes the total compensation paid to each of our non-employee directors and Mr.Messrs. Daniel Herndon and Patterson for the fiscal year ended June 30, 2016.2017. The primary elements of Home Federal Bank's non-employee director compensation program consist of cash and equity compensation.  Mr. PattersonHerndon is also compensated in his capacity as our Executive Chairman of the Board and Mr. Patterson as our Executive Vice President and Treasurer.  Compensation for Messrs. Herndon andMr. Barlow is included in the Summary Compensation Table.

Name 
Fees Earned or
Paid in Cash
  
Stock
Awards(1)
  
Option
Awards(1)
  
All Other
Compensation(2)
  Total  Fees Earned or Paid in Cash  
Stock
Awards(1)
  
Option
Awards(1)
  
All Other
Compensation(2)
  Total 
Walter T. Colquitt, III
 $12,000  $23,000  $25,155  $3,461  $63,616  $12,250  $--  $--  $2,906  $15,156 
Mark M. Harrison
  12,700   41,400   36,335   3,704   94,140   13,800   --   --   3,291   17,091 
Daniel R. Herndon
  13,500   --   --   241,891   255,391 
David A. Herndon, III
  12,000   23,000   25,155   3,461   63,616   9,750   --   --   1,656   11,406 
Woodus K. Humphrey
  12,200   23,000   25,155   3,461   63,816   13,500   --   --   2,906   16,406 
Scott D. Lawrence
  12,300   23,000   25,155   3,461   63,916   13,800   --   --   2,906   16,706 
Clyde D. Patterson
  12,000   23,000   25,155   118,531   178,686   13,500   --   --   118,114   131,614 
Thomas Steen Trawick, Jr.  11,200   23,000   36,335   3,356   73,891   12,250   --   --   2,802   15,052 
Timothy W. Wilhite, Esq.  12,700   41,400   36,335   3,705   94,140   13,800   --   --   3,291   17,091 

_______________________
(1)Reflects the aggregate grant date value of allThere were no awards of stock andor options to the directors made in fiscal 2016.2017. As of June 30, 2016,2017, each of our non-employee directors and Mr.Messrs. Daniel Herndon and Patterson held the following aggregate number of unvested stock awards and outstanding options:

   
Aggregate Number of Equity Awards
Outstanding at Fiscal Year End
 
 Name Stock Awards  Option Awards 
 
Walter T. Colquitt, III 
  1,446   12,629 
 
Mark M. Harrison 
  3,224   14,669 
 
David A. Herndon, III 
  1,446   10,044 
 
Woodus K. Humphrey 
  1,446   10,044 
 
Scott D. Lawrence 
  1,446   10,044 
 
Clyde D. Patterson 
  1,446   10,044 
 
Thomas Steen Trawick, Jr. 
  2,091   12,293 
 
Timothy W. Wilhite, Esq. 
  3,224   15,836 
  
Aggregate Number of Equity Awards
Outstanding at Fiscal Year End
 
Name Stock Awards  Option Awards 
Walter T. Colquitt, III  800   9,674 
Mark M. Harrison  2,040   14,669 
Daniel R. Herndon  4,000   35,707 
David A. Herndon, III  800   8,544 
Woodus K. Humphrey  800   10,044 
Scott D. Lawrence  800   10,044 
Clyde D. Patterson  800   10,044 
Thomas Steen Trawick, Jr.  1,400   12,293 
Timothy W. Wilhite, Esq.  2,040   15,836 

(2)All other compensation reflects discretionary bonuses and dividends paid on vesting of recognition and retention plan awards. Includes for Mr. PattersonDaniel Herndon a salary of $59,430$100,000, ESOP allocations of $21,984, and $44,350$104,913 accrued for his benefit under the supplemental executive retirement plan.plan ("SERP") and for Mr. Patterson a salary of $60,000, ESOP allocations of $10,329.67 and $42,311 accrued for his benefit under the SERP.

Narrative to Director Compensation Table. During fiscalFrom July 2016 to December 2016, members of Home Federal Bank's Board of Directors received $1,000 per regular Board meeting attended, either in person or telephonically.  Beginning in January 2017, the per meeting fee increased to $1,250. We do not pay separate compensation to directors for their attendance at meetings of the Board of Directors of Home Federal Bancorp.  Members of Home Federal Bancorp's Audit Committee and Compensation Committee receive $100 per meeting attended.  The members of the Board of Directors may also receive discretionary bonuses which totaled $3,000$2,250 for each director for fiscal 2016.2017 other than Mr. David Herndon who received $1,000.  Board fees are subject to periodic adjustment by the Board of Directors.

In January 2012, members of the Board of Directors received awards of restricted stock and stock options under our 2011 Recognition and Retention Plan and 2011 Stock Option Plan. Directors Colquitt, Humphrey, Lawrence, Patterson and David Herndon, who had previously received equity awards under our 2005 stock benefit plans, each received 2,218 stock awards and 5,544 stock options.  Directors Harrison and Wilhite, who had not participated in the 2005 stock benefit plans, each received 3,112 stock awards and 5,836 stock options.  Dr. Trawick, appointed to the Board in January 2012, received 1,439 stock awards and 3,599 stock options. The final vesting of those awards occurred in January 2017. In July 2014, Directors Harrison, Trawick and Wilhite each received 1,000 stock awards, Directors Harrison and Wilhite each received 3,500 stock options and Dr. Trawick received 2,500 stock options. In October 2015, members of the Board of Directors received share awards and stock options under our 2014 Stock Incentive Plan. Directors Colquitt, David Herndon, Humphrey, Lawrence and Patterson each received 1,000 share awards and 4,500 stock options; Dr. Trawick received 1,000 share awards and 6,500 stock options; and Directors Harrison and Wilhite each received 1,800 share awards and 6,000 stock options. All of the July 2014 and October 2015 stock awards and stock options are vesting at a rate of 20% per year commencing on the one year anniversary of the date of grant.
 
 
6
Meetings of the Board of Directors

During the fiscal year ended June 30, 2016,2017, 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.

Membership on Certain Board Committees

The Board of Directors of Home Federal Bancorp has established an Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.  All of the members of these committees are independent directors as defined in the listing standards of The Nasdaq Stock Market.  The committees operate in accordance with written charters which are available on our website at www.hfbla.com.  The following table sets forth the membership of the committees as of the date of this proxy statement.

Directors Audit Compensation 
Nominating
and Corporate
Governance
Mark M. Harrison 
 * *  
Woodus K. Humphrey 
   *  
Scott D. Lawrence 
 **   *
Thomas Steen Trawick, Jr. 
     *
Timothy W. Wilhite, Esq. 
 * ** **
  
_____________________
*     Member
**   Chairman

Audit Committee.  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 Annual Report on Form 10-K 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. 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; however, the members have the requisite financial and accounting background to meet the Nasdaq listing standards.  The Audit Committee met three times in fiscal 20162017 and informally reviews our financial results on a quarterly basis.

Nominating and Corporate Governance Committee.  It is the responsibility of the Nominating and Corporate Governance Committee in accordance with its charter to, among other functions, review the qualifications of director nominees.  The Committee approves nominees for consideration by the full Board of Directors to fill vacancies on the Board or for election at the annual meeting.  The Nominating and Corporate Governance Committee met once during fiscal 2016.2017.

Compensation Committee.  It is the responsibility of the Compensation Committee of Home Federal Bancorp to set the compensation of Home Federal Bancorp's Chief Executive Officer and Chief Financial Officer as well as the other members of senior management and administer our stock and incentive compensation plans.  The Compensation Committee of Home Federal Bancorp met four timesdid not meet in fiscal 2016.2017.

 
7
Board's Role in Risk Oversight

Risk is inherent with every business, particularly financial institutions. We face a number of risks, including credit risk, interest rate risk, liquidity risk, operational risk, strategic risk and reputational risk.  Management is responsible for the day-to-day management of the risks Home Federal Bancorp faces, while the Board, as a whole and through its committees, has responsibility for the oversight of risk management. In its risk oversight role, the Board of Directors ensures that the risk management processes designed and implemented by management are adequate and functioning as designed.

Members of senior management regularly attend meetings of the Board of Directors and address any questions or concerns raised by the Board on risk management or other matters. The Board's risk oversight function is carried out through, among other factors, its review and approval of various policies and procedures, such as Home Federal Bank's lending and investment policies, ratification or approval of investments and loans exceeding certain thresholds, and regular review of risk elements such as interest rate risk exposure, liquidity and problem assets.

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, in person or by telephone, the annual meeting of shareholders held on November 18, 2015.9, 2016.

Executive Officers Who Are Not Also Directors

The following individuals who do not also serve on the Board of Directors serve as executive officers of Home Federal Bancorp.  Ages are reflected as of September 20, 2016.19, 2017.

David S. Barber, age 47, has served as Senior Vice President Mortgage Lending of Home Federal Bank since June 2009.  Prior thereto, Mr. Barber served as Vice President, Director of Branch Operations, First Family Mortgage, Inc. from July 2004 to May 2009.

Glen W. Brown, CPA, age 59, has served as Senior Vice President Retail and Chief Financial Officer of Home Federal Bank since July 2014.  Previously, Mr. Brown served as Vice President and Controller, Teche Federal Bank, New Iberia, Louisiana, the wholly owned subsidiary of Teche Holding Company, from November 1997 to June 2014.

Adalberto Cantu, Jr., age 66, has served as Senior Vice President and Senior Credit Officer of Home Federal Bank since February 2013. Prior thereto, Mr. Cantu served as Senior Vice President of Business Banking at Progressive Bank from July 2010 to October 2011. Previously, Mr. Cantu served as Senior Vice President of Business Banking at Regions Bank from July 1987 to July 2010.

Mary L. Jones, age 63, has served as Chief Operations Officer and Senior Vice President Retail and Deposit Operations of Home Federal Bank since January 2015. Prior thereto, Ms. Jones served as Senior Vice President Retail & Deposit Operations of Home Federal Bank from July 2011 to January 2015, and previously Ms. Jones served as Vice President of Operations since January 2009. Previously, Ms. Jones served as Assistant Vice President and BSA Officer of Home Federal Bank from January 1985 to January 2009 and January 2013, respectively.

K.  Matthew Sawrie, age 41,
David S. Barber, age 48, has served as Senior Vice President Mortgage Lending of Home Federal Bank since June 2009.  Prior thereto, Mr. Barber served as Vice President, Director of Branch Operations, First Family Mortgage, Inc. from July 2004 to May 2009.
Glen W. Brown, CPA, age 60, has served as Senior Vice President and Chief Financial Officer of Home Federal Bank since July 2014.  Previously, Mr. Brown served as Vice President and Controller, Teche Federal Bank, New Iberia, Louisiana, the wholly owned subsidiary of Teche Holding Company, from November 1997 to June 2014.
Adalberto Cantu, Jr., age 67, has served as Senior Vice President and Senior Credit Officer of Home Federal Bank since February 2013. Prior thereto, Mr. Cantu served as Senior Vice President of Business Banking at Progressive Bank from July 2010 to October 2011. Previously, Mr. Cantu served as Senior Vice President of Business Banking at Regions Bank from July 1987 to July 2010.
Mary L. Jones, age 64, has served as Senior Vice President Retail and Chief Operations Officer of Home Federal Bank since January 2015. Prior thereto, Ms. Jones served as Senior Vice President Retail and Deposit Operations of Home Federal Bank from July 2011 to January 2015, and previously Ms. Jones served as Vice President of Operations since January 2009. Previously, Ms. Jones served as Assistant Vice President and BSA Officer of Home Federal Bank from January 1985 to January 2009 and January 2013, respectively.
K.  Matthew Sawrie, age 42, has served as Senior Vice President Commercial Lending of Home Federal Bank since February 2009.  Prior thereto, Mr. Sawrie served as Vice President Commercial Real Estate, Regions Bank from 2006 to 2009, and previously, Assistant Vice President Business Banking Relationship Manager, Regions Bank from 2003 to 2006.

In accordance with our Bylaws, our executive officers are elected annually and hold office until their respective successors have been elected and qualified or until death, resignation or removal by the Board of Directors.

 
8
REPORT OF THE AUDIT COMMITTEE

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, A Professional Accounting Corporation, 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 applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant's communications with the Audit Committee concerning independence and has discussed with LaPorte, A Professional Accounting Corporation, 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-K for fiscal year 2016 for filing with the Securities and Exchange Commission.

Members of the Audit Committee
Mark M. Harrison
Scott D. Lawrence, Chairman
Timothy W. Wilhite, Esq.


MANAGEMENT COMPENSATION

Summary Compensation Table

The following table sets forth a summary of certain information concerning the compensation earned during the fiscal years ended June 30, 20162017 and 20152016 by our principal executive officers, Messrs. Herndon andofficer, Mr. Barlow, who served as such during fiscal 2016, and the two other executive officers serving at the end of fiscal 20162017 who were the most highly compensated executive officers in fiscal 2016.2017. These fourthree officers are referred to as the "named executive officers" in this proxy statement.

Name and Principal Position 
Fiscal
Year
  Salary  Bonus  
Nonequity
Incentive Plan
Compensation
  
Stock
Awards
  
Option
Awards
  
All Other
Compen-
sation(1)
  Total 
Daniel R. Herndon
  Executive Chairman of the Board
    (Co-principal Executive Officer through
       December 2015)
  
2016
2015
 
 
  
$
 
 
 
124,051
148,101
 
 
  
$
 
 
 
5,000
30,000
 
 
  
$
 
 
 
--
--
 
 
  
$
 
 
 
115,000
--
 
 
  
$
 
 
 
44,720
--
 
 
  
$
 
 
 
156,142
144,174
 
 
  
$
 
 
 
444,913
332,275
 
 
 
James R. Barlow
  President and Chief Executive Officer
  
2016
2015
   
221,233
207,764
   
125,000
110,100
   
--
--
   
345,000
--
   
55,900
6,015
   
63,569
43,407
   
810,702
367,286
 
David S. Barber  2016   117,664   --   151,235   --   --   22,695   291,594 
   Senior Vice President –  2015   114,238   --   143,614   --   --   21,680   279,532 
   Mortgage Lending                                
K. Matthew Sawrie  2016   128,162   --   125,332   23,000   39,130   29,245   344,869 
   Senior Vice President –  2015   124,429   --   114,368   18,977   9,173   28,106   295,053 
   Commercial Lending                                
Name and Principal Position
 
Fiscal
Year
  Salary  Bonus  
Nonequity
Incentive Plan
Compensation
  
Stock
Awards
  
Option
Awards
  
All Other
Compen-
sation(1)
  Total 
James R. Barlow
  President and Chief Executive Officer
  
2017
2016
  $
235,646
221,234
  $
132,925
125,000
  $
--
--
  $
--
345,000
  $
--
55,900
  $
59,387
63,569
  $
427,958
810,703
 
David S. Barber
  Senior Vice President –
    Mortgage Lending
  
2017
2016
   
122,388
117,664
   
--
--
   
172,103
151,235
   
--
--
   
--
--
   
25,875
22,696
   
320,366
291,595
 
K. Matthew Sawrie
  Senior Vice President –
    Commercial Lending
  
2017
2016
   
133,308
128,162
   
700
--
   
100,917
125,332
   
--
23,000
   
--
39,130
   
32,494
29,245
   
267,419
344,869
 
___________________

(1)All other compensation does not include amounts attributable to other miscellaneous benefits. The costs to Home Federal Bancorp of providing such benefits during fiscal 20162017 did not exceed $10,000. Includes for fiscal 2016,2017, matching contributions under the Home Federal Bank 401(k) Plan, allocations of cash dividends and shares under the employee stock ownership plan based on a closing price of $23.25$26.86 on December 31, 2015,2016, life insurance premiums and $12,000$13,500 in directors' fees and directors' bonuses of $3,000$2,250 paid to Messrs. Herndon andMr. Barlow.

9
Narrative to Summary Compensation Table

Base salaries for our named executive officers are approved by the Compensation Committee.  Base salaries as of the end of fiscal 20162017 established by the Compensation Committee were $221,233, $117,664$235,646, $122,388 and $128,162$133,308 for Messrs. Barlow, Barber and Sawrie, respectively. Mr. Herndon's base salary is $100,000 as of January 1, 2016, pursuant to the terms of his employment agreement as discussed below under "-Employment Agreements." Mr. Barlow received a discretionary bonus of $20,000$22,800 equal to approximately 9.0%10.3% of his then current base salary, in December 2015.2016.  Based on Home Federal Bancorp's results of operations through the second quarter ended December 31, 2015,2016, the Compensation Committee awarded an additional discretionary bonus of $105,000,$110,125, to Mr. Barlow in January 2016.2017.  Mr. Barber receives incentive compensation based on mortgage loan originations which, although not subject to a formal agreement, generally represents 1.3313.3 basis points of monthly funded mortgage loan originations and 50% of brokered volume.originations.  Mr. Sawrie received incentive compensation in August 2015 and January 2016within 45 days of the end of each quarter as a participant in our Loan Officer Incentive Plan, the terms of which are described below under "-Loan Officer Incentive Plan." Messrs. Herndon, Barlow and Sawrie received 8,000, 10,000 and 7,000 stock options, respectively, and 5,000, 15,000 and 1,000 stock awards, respectively, on October 26, 2015, which are vesting over five years at 20% per year.

At the annual meeting of shareholders of Home Federal Bancorp held on November 13, 2013,19, 2016, the shareholders recommended, on an advisory basis, that future advisory votes on executive compensation should be held every three years. Consistent with the shareholder recommendation, the Board of Directors of Home Federal Bancorp determined that it will hold an advisory vote on executive compensation every three years. The next advisory vote on the compensation of the named executive officers is beingexpected to be presented as proposal two at thisthe 2019 annual meeting.

9
Outstanding Equity Awards at Fiscal Year-End

The table below sets forth outstanding equity awards to our named executive officers under our Stock Option Plans, Recognition and Retention Plans and 2014 Stock Incentive Plan at June 30, 2016.2017. We have not made any equity incentive plan awards that are subject to performance conditions.

                     
                   Stock Awards                Stock Awards  
                Number of   Market Value             Numbr of   Market Value 
 Option Awards   Shares or Units    of Shares or          Option Awards   Shares or Units   of Shares or 
     Number of Securities Underlying  Option Option   of Stock That    Units of Stock      Number of Securities Underlying   Option  Option  of Stock That   Units of Stock 
    Unexercised Options   Exercise Expiration  Have Not  That Have Not     Unexercisable Options    Exercise  Expiration  Have Not   That Have Not 
Name  Exercisable   Unexercisable   Price Date  Vested   Vested(4)   Exercisable   Unexercisable   Price  Date  Vested   Vested(3) 
Daniel R. Herndon  21,869   5,838
(1) 
 $14.70 1/31/2022  2,335
(1) 
 $50,085 
  --   8,000
(3) 
  23.00 10/26/2025  5,000
(3) 
  107,250 
                                          
James R. Barlow
  9,611   --   10.93 8/19/2020  3,892
(1) 
  83,483   9,611   --  $10.93 8/19/2020  12,000
(2) 
 $323,400 
  38,904   9,726
(1) 
  14.70 1/31/2022  15,000
(3) 
  321,750   48,630   --   14.70 1/31/2022        
  426   1,707
(2) 
  18.92 7/31/2024          852   1,281
(1) 
  18.92 7/31/2024        
  --   10,000
(3) 
  23.00 10/26/2025          2,000   8,000
(2) 
  23.00 10/26/2025        
                                          
David S. Barber
  961   --   10.93 8/19/2020  312
(1) 
  6,692   961   --   10.93 8/19/2020        
  1,556   389
(1) 
  14.70 1/31/2022          1,945   --   14.70 1/31/2022        
  --   2,000
(3) 
  23.00 10/26/2025          400   1,600
(2) 
  23.00 10/26/2025        
                                          
K. Matthew Sawrie  11,448   3,114
(1) 
  14.70 1/31/2022  1,505
(1) 
  32,282   14,562   --   14.70 1/31/2022  603
(1) 
  16,251 
  650   2,603
(2) 
  18.92 7/31/2024  803
(2) 
  17,224   1,300   1,953
(1) 
  18.92 7/31/2024  800
(2) 
  21,560 
  --   7,000
(3) 
  23.00 10/26/2025  1,000
(3) 
  21,450   1,400   5,600
(2) 
  23.00 10/26/2025        
___________________
(1)The unexercisable stock options and unvested restricted stock awards are vesting at a rate of 20% per year commencing on January 31, 2013.

(2)(1)The unexercisable stock options and unvested restricted stock awards are vesting at a rate of 20% per year commencing on July 31, 2015.

(3)(2)The unexercisable stock options and unvested restricted stock awards are vesting at a rate of 20% per year commencing on October 26, 2016.

(4)(3)CalculatedMarket value calculated by multiplying the closing market price of our common stock on June 30, 2016,2017, which was $21.45,$26.95, by the applicable number of shares of common stock underlying the unvested stock awards.

10
Employment Agreements

Home Federal Bank has entered into an amended and restated employment agreement with Mr. James R. Barlow and an amended and restated employment and transition agreement with Mr. Daniel R. Herndon, in each case effective as of January 1, 2013.  The employment agreements amended and restated prior employment agreements between Home Federal Bank and each executive.  Pursuant to his employment agreement, Mr. Herndon serves as Executive Chairman of the Board of Home Federal Bank for a fixed term of five years commencing on the effective date and ending on December 31, 2017, at which point Mr. Herndon will retire as Executive Chairman of the Board but will continue to serve as a director and receive board fees for his continued service thereafter.2017.  Pursuant to his employment agreement, Mr. Barlow serves as President and Chief Executive Officer of Home Federal Bank for an initial term of three years commencing on the effective date, provided that the term of Mr. Barlow's agreement will be extended for an additional year on each January 1 during the term of the agreement, unless Home Federal Bank or Mr. Barlow gives notice to the other party of its or his intent not to extend the term of the agreement.  The agreements provided for initial base salaries of $148,101 and $193,950 per year for Messrs. Herndon and Barlow, respectively, provided that Mr. Herndon's base salary was reduced to $100,000 per year commencing on January 1, 2016, and shall remain unchanged for the last two years of his employment period.  Mr. Barlow's base salary may be increased at the discretion of the Board of Directors of Home Federal Bank but may not be decreased during the term of the agreements without the prior written consent of the executive.  Home Federal Bank also agreed to provide each of Messrs. Herndon and Barlow with an automobile during the term of the agreements.

The employment agreements with Messrs. Herndon and Barlow are terminable with or without cause by Home Federal Bank. The employment agreements provide that in the event of (y) termination of employment by  Home Federal Bank other than for cause, disability, retirement or death, or (z) termination by the executive for "good reason," as defined, in each case before or after a change in control, the executive would be entitled to (1) an amount of cash severance which is equal to three times his average annual compensation and (2) continued participation in certain employee benefit plans of Home Federal Bank until the earlier of 36 months or the date the executive receives substantially similar benefits from full-time employment with another employer.  The employment agreement with Home Federal Bank provides that in the event any of the payments to be made thereunder or otherwise upon termination of employment are deemed to constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code, then such payments and benefits received thereunder shall be reduced by the minimum amount necessary to result in no portion of the payments and benefits being non-deductible by Home Federal Bank for federal income tax purposes.

10
Home Federal Bancorp entered into an employment agreement with Mr. Barlow to serve as President and Chief Operating Officer of Home Federal Bancorp, effective as of January 1, 2013, which is on terms substantially similar to the amended and restated employment agreement with Home Federal, except as follows.  The agreement with Home Federal Bancorp provides that severance payments payable to Mr. Barlow by Home Federal Bancorp shall include the amount by which the severance benefits payable by Home Federal are reduced as a result of Section 280G of the Internal Revenue Code, if the parachute payments exceed 105% of three times the executive's "base amount" as defined in Section 280G of the Internal Revenue Code.  If the parachute payments are not more than 105% of the amount equal to three times the base amount, the severance benefits payable by Home Federal Bancorp will be reduced so they do not constitute "parachute payments" under Section 280G of the Internal Revenue Code.  In addition, the agreement with Home Federal Bancorp provides that Home Federal Bancorp shall reimburse Mr. Barlow for any resulting excise taxes payable by him, plus such additional amount as may be necessary to compensate him for the payment of state and federal income, excise and other employment-related taxes on the excise tax reimbursement. Under the agreements with Home Federal Bancorp and Home Federal Bank, Mr. Barlow's compensation, benefits and expenses will be paid by Home Federal Bancorp and Home Federal Bank in the same proportion as the time and services actually expended by Mr. Barlow on behalf of each of Home Federal Bancorp and Home Federal Bank.

Home Federal Bancorp has also entered into an amended and restated employment and transition agreement with Mr. Herndon, effective January 1, 2013, to serve as Chairman of the Board and Chief Executive Officer of Home Federal Bancorp for a term of three years, after which he is serving as Executive Chairman of the Board for a period of two years commencing January 1, 2016.  Otherwise, the agreement with Home Federal Bancorp is on terms substantially similar to Mr. Herndon's agreement with Home Federal Bank, except as follows.  The agreement provides that severance payments payable to Mr. Herndon by Home Federal Bancorp shall include the amount by which the severance benefits payable by Home Federal Bank are reduced as a result of Section 280G of the Internal Revenue Code, if the parachute payments exceed 105% of three times the executive's "base amount" as defined in Section 280G of the Internal Revenue Code.  If the parachute payments are not more than 105% of the amount equal to three times the base amount, the severance benefits payable by Home Federal Bancorp will be reduced so they do not constitute "parachute payments" under Section 280G of the Internal Revenue Code.  In addition, the agreement provides that Home Federal Bancorp shall reimburse Mr. Herndon for any resulting excise taxes payable by him, plus such additional amount as may be necessary to compensate him for the payment of state and federal income, excise and other employment-related taxes on the excise tax reimbursement. Under the agreements with Home Federal Bancorp and Home Federal Bank, Mr. Herndon's compensation, benefits and expenses will be paid by Home Federal Bancorp and Home Federal Bank in the same proportion as the time and services actually expended by the executive on behalf of each of Home Federal Bancorp and Home Federal Bank.

11
The Boards of Directors of Home Federal Bancorp and Home Federal Bank approved an employment and transition agreement between Home Federal Bancorp, Home Federal Bank and Clyde D. Patterson, our then Executive Vice President and Chief Financial Officer, effective as of January 1, 2013. Pursuant to the agreement, Mr. Patterson served as Executive Vice President and Chief Financial Officer of Home Federal Bancorp and Home Federal Bank for a term of up to two years, and thereafter serves on a part-time basis through December 31, 2017, and will retire as of December 31, 2017.  The agreement provides for initial base compensation of $117,362 for the first two years and $60,000 per year commencing on January 1, 2015. In addition to other benefits generally available for employees of Home Federal, Home Federal Bancorp and Home Federal also agreed to provide Mr. Patterson with an automobile during the term of the agreement.

The agreement with Mr. Patterson is terminable with or without cause by Home Federal Bancorp and Home Federal Bank. The agreement provides that in the event of (y) termination of employment by Home Federal Bancorp and Home Federal Bank other than for cause, disability, retirement or death, or (z) termination by Mr. Patterson for "good reason," as defined, in each case before or after a change in control, Mr. Patterson would be entitled to (1) an amount of cash severance which is equal to two times the sum of his base compensation as of the date of termination if the date of termination was on or before December 31, 2014 and (2) if the date of termination is on or after January 1, 2015, the greater of the remaining base compensation under the agreement or $120,000. The agreement provides that in the event any of the payments to be made thereunder or otherwise upon termination of employment are deemed to constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code, then such payments and benefits received thereunder shall be reduced by the minimum amount necessary to result in no portion of the payments and benefits being non-deductible by Home Federal Bancorp or Home Federal Bank for federal income tax purposes.

11
Supplemental Executive Retirement Agreements

Home Federal Bank also entered into Supplemental Executive Retirement Agreements for the benefit of Messrs. Herndon and Patterson effective as of January 1, 2013. Under the terms of the agreements, after the target retirement date of December 31, 2017, Messrs. Herndon and Patterson will receive annual retirement benefits of $75,000 and $25,000, respectively, payable in equal annual installments of eight and ten years, respectively. In the event of retirement prior to December 31, 2017, with or without cause, Messrs. Herndon and Patterson would receive their accrued benefits through such date payable in a lump sum. In the event of death while in active service, the designated beneficiaries would receive a lump sum payment of the full retirement benefit. In the event of death after retirement, but before all payments have been made, any remaining benefits will be paid to the designated beneficiaries until all the annual installments have been paid. The retirement benefits are vesting ratably at 20% per year for five years beginning with the calendar year ended December 31, 2013.

Loan Officer Incentive Plan

On February 10, 2016, the Compensation Committee approved the Home Federal Bank 2016 Loan Officer Incentive Plan for the benefit of the Bank's eligible commercial loan officers. The terms of the Loan Officer Incentive Plan are reviewed annually and were amended on February 10, 2016 to change the administration period to a fiscal year basis, to provide for three participation levels, two based on the size of the commercial loan officer's book of business and one for the Commercial Sales Manager and to specify the five performance measures used to calculate the book of business performance. Mr. Sawrie is our only named executive officer who participates in the plan as Commercial Sales Manager.

12
The Loan Officer Incentive Plan is an annual incentive compensation plan intended to reward participating commercial loan officers with variable cash awards that are contingent upon the net interest income produced from the loan officer's identified loan portfolio, and in the case of the Commercial Sales Manager, all loans originated by commercial loan officers, and net income from new loans originated during the performance period plus commercial deposit fee income, multiplied by a portfolio rating based on the performance measures.  Participants in the Loan Officer Incentive Plan are selected by the President and Chief Executive Officer at the beginning of each fiscal year and recommended for approval by the Compensation Committee of the Board of Directors which administers the plan.

During fiscal 2016,2017, Level I and Level II participants in the Loan Officer Incentive Plan received a cash incentive award equal to 2.0% and 3.0%, respectively, of the net interest income from loans originated by the particular loan officer prior to the beginning of the fiscal year and a cash incentive award equal to 15.0% and 10.0%, respectively, of the net income from the loan officer's loan originations during the performance period plus year to date commercial deposit fee income, in each case multiplied by a portfolio rating based on the five performance measures.  The Commercial Sales Manager received a cash incentive award equal to 1.0% of the net interest income from loans originated by all the commercial loan officers prior to the beginning of the fiscal year and a cash incentive award equal to 5.0% of the net income from all of the loans originated by the commercial loan officers during the performance period plus year to date commercial deposit fee income, in each case multiplied by a portfolio rating based on the five performance measures. The cash incentive awards are paid to the Commercial Sales Manager on a quarterly basis.

Retirement Benefits

Retirement benefits are an important element of a competitive compensation program for attracting senior executives, especially in the financial services industry. We froze our defined benefit pension plan in February 2003. Mr. Herndon is our only named executive officer with accrued benefits under the pension plan.  Our executive compensation program currently includes (i) a 401(k) profit sharing plan which enables our employees to supplement their retirement savings with elective deferral contributions and with matching and discretionary contributions by us, and (ii) an employee stock ownership plan that allows participants to accumulate retirement benefits in the form of employer stock at no current cost to the participant.

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401(k) and Profit Sharing Plan.  We adopted the Home Federal Bank Employees' Savings and Profit Sharing Plan and Trust ("401(k) Plan") effective November 15, 2004.  To participate in the 401(k) Plan, eligible employees must have completed three months of full time service and attained age 21.  Participating employees may make elective salary reduction contributions of up to $17,500$18,000 of their eligible compensation for 2016.2017.  Home Federal Bank will contribute a basic "safe harbor" contribution of 100% of the first 6% of plan salary elective deferrals.  We are also permitted to make discretionary contributions to be allocated to participant accounts.

Employee Stock Ownership Plan.  We established an employee stock ownership plan for our employees in connection with our mutual to stock conversion in 2005. We acquired additional shares in connection with our second-step conversion in 2010.  The shares were purchased by the employee stock ownership plan with funds borrowed from Home Federal Bancorp and are held in a suspense account and released for allocation as debt service payments are made.  Additional discretionary contributions may be made to the plan in either cash or shares of common stock, although we have no plans to do so at this time.  Shares released from the suspense account are allocated to each eligible participant's plan account pro rata based on compensation.  Forfeitures may be used for the payment of expenses or be reallocated among the remaining participants. Employees who have been credited with at least 1,000 hours of service during a 12-month period and who have attained age 21 are eligible to participate in the employee stock ownership plan.  Participants become 100% vested after three years of service. Participants also become fully vested in their account balances upon a change in control (as defined), death, disability or retirement.  Benefits may be payable upon retirement or separation from service.


13
Stock Option Plans and Recognition and Retention Plans

In August 2005, shareholders approved our 2005 Stock Option Plan and our 2005 Recognition and Retention Plan.  Pursuant to the terms of the 2005 Stock Option Plan, options to acquire up to 158,868 shares of common stock were available to be granted to employees and directors.  Pursuant to the terms of the 2005 Recognition and Retention Plan, awards of up to 63,547 shares of restricted common stock were available to be granted to employees and directors.  In December 2011, shareholders approved our 2011 Stock Option Plan and our 2011 Recognition and Retention Plan. On July 31, 2014, the Compensation Committee awarded the remaining available 31,311 stock options and 8,557 stock awards under our 2005 and 2011 plans such that no further awards are available for future grant under the 2005 and 2011 plans. In November 2014, shareholders approved the 2014 Stock Incentive Plan which provides for a total of 150,000 shares reserved for future issuance as stock awards or stock options. No more than 37,500 shares, or 25%, may be granted as stock awards. On October 26, 2015, we granted a total of 34,500 plan share awards and 103,500 stock options to directors, officers, and other key employees vesting ratably over five years. Under all of our stock benefit plans, awards may vest no faster than 20% per year, beginning one year from the date of grant.  However, under the plans, vesting of any award is accelerated upon the death or disability of a recipient or upon a change-in-control of Home Federal Bancorp. Outstanding stock awards and stock options for our named executive officers are reflected in the table "Outstanding Equity Awards at Fiscal Year-End."

Survivor Benefit Plan

In June 2011, Home Federal Bank purchased bank owned life insurance on the lives of its employees. In consideration for entering into consent to insurance agreements, on July 13, 2011, Home Federal Bank entered into Survivor Benefit Plan Participation Agreements with employees including our named executive officers. The agreements provide that the officer's beneficiary will receive three times the officer's base salary if serving as an officer of Home Federal Bank at the date of death. The agreements may be amended or terminated at any time by Home Federal Bank as long as it does not reduce or delay any benefit payable to a participant whose death has already occurred.

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Related Party Transactions

Home Federal Bank offers extensions of credit to its directors, officers and employees as well as members of their immediate families for the financing of their primary residences and other proposes.  These loans are made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to Home Federal Bank and none of such loans involve more than the normal risk of collectability or present other unfavorable features.

Under Home Federal Bancorp's Audit Committee Charter, the Audit Committee is required to review and approve all related party transactions, as described in Item 404 of Regulation S-K promulgated by the Securities and Exchange Commission.

PROPOSAL TO ADOPT A NON-BINDING RESOLUTION TO APPROVE THE
COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS (Proposal Two)

Pursuant to Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), the proxy rules of the Securities and Exchange Commission were amended to require that not less frequently than once every three years, a proxy statement for an annual meeting of shareholders for which the proxy solicitation rules of the Securities and Exchange Commission require compensation disclosure must also include a separate resolution subject to shareholder vote to approve the compensation of the company's named executive officers disclosed in the proxy statement.

The executive officers named in the summary compensation table and deemed to be "named executive officers" are Messrs. Daniel Herndon, Barlow, Barber and Sawrie. Reference is made to the summary compensation table and disclosures set forth under "Management Compensation" in this proxy statement.

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The proposal gives shareholders the ability to vote on the compensation of our named executive officers through the following resolution:

"Resolved, that the shareholders approve the compensation of the named executive officers as disclosed in this proxy statement."

The shareholder vote on this proposal is not binding on Home Federal Bancorp or the Board of Directors and cannot be construed as overruling any decision made by the Board of Directors.  However, the Board of Directors of Home Federal Bancorp will review the voting results on the non-binding resolution and take them into consideration when making future decisions regarding executive compensation.

The Board of Directors recommends that you vote FOR the non-binding resolution
to approve the compensation of our named executive officers.

BENEFICIAL OWNERSHIP OF COMMON STOCK BY CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth as of September 20, 2016,19, 2017, the voting record date for the annual meeting, certain information as to the common stock beneficially owned by (1) 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, (2) our directors, (3) the other named executive officers and (4) all directors and executive officers of Home Federal Bancorp as a group..group.

Name of Beneficial Owner or Number of Persons in Group 
Amount and Nature of Beneficial
Ownership as of September 20, 2016(1)
  
Percent of
Common Stock
  
Amount and Nature of Beneficial
Ownership as of September 19, 2017(1)
  
Percent of
Common Stock
 
Home Federal Bancorp, Inc. of Louisiana Employee Stock Ownership Plan  216,893(3)  11.1%
c/o Home Federal Bank        
624 Market Street        
Shreveport, Louisiana 71101        
Financial Opportunity Fund LLC  180,482(4)  9.2 
1313 Dolley Madison Boulevard, Suite 306        
McLean, Virginia 22101        
Home Federal Bancorp, Inc. of Louisiana Employee Stock Ownership Plan
c/o Home Federal Bank
624 Market Street
Shreveport, Louisiana 71101
  216,893
(3) 
  11.3%
Financial Opportunity Fund LLC
1313 Dolley Madison Boulevard, Suite 306
McLean, Virginia 22101
  152,761
(4) 
  7.8 
                
Directors:
                
James R. Barlow  104,593
(5)(6)
  5.2%  118,047
(5)(6) 
  5.9%
Walter T. Colquitt, III  15,690
(5)(7)
  *   17,594
(5)(7) 
  * 
Mark M. Harrison  16,622
(5)(8)
  *   20,974
(5)(8) 
  1.1 
Daniel R. Herndon  150,559
(5)(9)
  7.6   160,655
(5)(9) 
  8.2 
David A. Herndon, III  34,526
(5) 
  1.8 
Woodus K. Humphrey  15,399
(5) 
  *   17,611
(5) 
  * 
Scott D. Lawrence  35,405
(5)(10)
  1.8   37,617
(5)(10) 
  1.9 
Clyde D. Patterson  53,031
(5)(11)
  2.7   56,611
(5)(11) 
  2.9 
Thomas Steen Trawick, Jr.  8,162
(5) 
  *   11,376
5) 
  * 
Timothy W. Wilhite, Esq.  18,840
(5)(12)
  1.0   22,492
(5)(12) 
  1.2 
Other Named Executive Officers:                
David S. Barber  9,606
(5)(13)
  *   11,181
5)(13) 
  * 
K. Matthew Sawrie  35,501
(5)(14)
  2.0   47,500
(5)(14) 
  2.4 
                
All Directors and Executive Officers as a Group (15 persons)
  534,318
(5) 
  25.4%
All Directors and Executive Officers as a Group (14 persons)
  562,014
(5) 
  26.6%
___________________
*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. None of the shares reflected as being beneficially owned by executive officers and directors are pledged as security.

(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.

(Footnotes continued on followingnext page)
 
 
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___________________

_____________________
(3)(3)As of September 20, 2016, 82,67019, 2017, 93,693 shares held in the Home Federal Bank Employee Stock Ownership Plan trust had been allocated to the accounts of participating employees.  Amounts held by the plan trustees, Messrs. Barlow and Patterson, reflect shares allocated to their individual accounts and exclude all other shares held in the trust.  Under the terms of the plan, the trustees vote all allocated shares in accordance with the instructions of the participating employees.  Any unallocated shares are generally required to be voted by the plan trustees in the same ratio on any matter as to those shares for which instructions are given by the participants.

(4)This information is based on an Amendment No. 23 to a Schedule 13G filed with the SEC on February 10, 201614, 2017 by Financial Opportunity Fund LLC ("Financial Opportunity"), a Delaware limited liability company.  FJ Capital Management, LLC ("FJ Capital") and its managing member, Martin S. Friedman, have shared voting power and shared dispositive power over 149,192121,471 shares of common stock held by Financial Opportunity, of which FJ Capital is the managing member. Martin Friedman, the managing member of FJ Capital, owns 31,290 shares of common stock individually and Andrew F. Jose, co-founder and managing partner of FJ Capital, owns 9,319 shares individually.

(5)Includes options to acquire shares of Home Federal Bancorp common stock that are exercisable within 60 days of September 20, 2016,19, 2017, under our Stock Option Plans, plan share awards under our 2014 Stock Incentive Plan that will vest within 60 days of September 20, 201619, 2017 and unvested shares held in the Recognition and Retention Plan Trust over which the directors and executive officers do not have current voting or investment powers as follows:

 Name Stock Awards  Stock Options 
 
James R. Barlow 
  6,892   51,367 
 
Walter T. Colquitt, III 
  646   5,332 
 
Mark M. Harrison 
  1,584   6,201 
 
Daniel R. Herndon 
  3,335   23,469 
 
David A. Herndon, III 
  646   3,832 
 
Woodus K. Humphrey 
  646   5,332 
 
Scott D. Lawrence 
  646   5,332 
 
Clyde D. Patterson 
  646   5,332 
 
Thomas Steen Trawick, Jr. 
  1,091   4,870 
 
Timothy W. Wilhite, Esq. 
  1,584   7,368 
 
David S. Barber 
  312   2,917 
 
K. Matthew Sawrie 
  2,308   14,148 
 All directors and executive officers as a group (15 persons)  23,140   143,326 
Name Stock Awards  Stock Options 
James R. Barlow  3,000   63,519 
Walter T. Colquitt, III  200   6,974 
Mark M. Harrison  1,584   9,369 
Daniel R. Herndon  1,000   30,907 
Woodus K. Humphrey  200   7,344 
Scott D. Lawrence  200   7,344 
Clyde D. Patterson  200   7,344 
Thomas Steen Trawick, Jr.  1,091   7,393 
Timothy W. Wilhite, Esq.  1,584   9,836 
David S. Barber  --   3,706 
K. Matthew Sawrie  2,308   19,312 
      All directors and executive officers as a group (14 persons)  13,867   185,298 

(6)Includes 550 shares held by Mr. Barlow's spouse, 13,500 shares held in Mr. Barlow's individual retirement account, 11,007.906812,131.492 shares held in Home Federal Bank's 401(k) Plan over which he has voting power, however, for purposes of investment authority, Mr. Barlow has 12,038.473213,093.7111 units which consist of both issuer stock and a reserve of cash and 5,094.94426,165.2853 shares allocated to Mr. Barlow's account in the Home Federal Bank employee stock ownership plan.

(7)Includes 7,4668,174 shares held jointly with Dr. Colquitt's spouse.

(8)Includes 911 shares held by Mr. Harrison's spouse and 2,733 shares held in his individual retirement account.

(9)Includes 32,296.50233,740.9946 shares held in Home Federal Bank's 401(k) Plan for the benefit of Mr. Herndon over which he has voting power, however, for purposes of investment authority, Mr. Herndon had 35,220.118736,417.1888 units which consist of both issuer stock and a reserve of cash, 8,988.314910,034.4654 shares allocated to Mr. Herndon's account in the Home Federal Bank employee stock ownership plan, and 62,31264,815 shares held jointly with Mr. Herndon's spouse and 4,555 shares held by Mr. Herndon's spouse.

(10)Includes 8,016 shares over which Mr. Lawrence's spouse holds power of attorney to vote the shares held in the name of her mother as usufruct for her four children, naked owners, 4,555 shares held in Mr. Lawrence's individual retirement account and 4,555 shares held jointly with Mr. Lawrence's spouse.

(11)Includes 24,241.817525,038.9645 shares held in Home Federal Bank's 401(k) Plan for the benefit of Mr. Patterson, however, for purposes of investment authority, Mr. Patterson had 26,511.350127,024.9502 units which consist of both issuer stock and a reserve of cash and 6,188.11846,759.4996 shares allocated to Mr. Patterson's account in the Home Federal Bank employee stock ownership plan.

(12)Includes 6,000 shares held jointly with Mr. Wilhite's spouse.

(13)
(14)
Includes 1,319.94291,447.8618 shares held in Home Federal Bank's 401(k) Plan for the benefit of Mr. Barber over which he has voting power, however, for purposes of investment authority, Mr. Barber had 1,443.51671,562.7001 units which consist of both issuer stock and a reserve of cash and 4,359.81545,130.3830 shares allocated to Mr. Barber's account in the Home Federal Bank employee stock ownership plan.

(14)Includes 1,922 shares held jointly with Mr. Sawrie's spouse, 5,361 shares held in Mr. Sawrie's individual retirement account, 4,109.45865,013.3131 shares allocated to Mr. Sawrie in the Home Federal Bank employee stock ownership plan and 1,921.93011,947.4025 shares held in Home Federal Bank's 401(k) Plan over which he has voting power, however, for purposes of investment authority, Mr. Sawrie had 2,101.8623 units which consist of both issuer stock and a reserve of cash.
 
 
 
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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.

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, 2016,2017, all of 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 Three)Two)

The Audit Committee of the Board of Directors of Home Federal Bancorp has appointed LaPorte, A Professional Accounting Corporation to perform the audit of our financial statements for the year ending June 30, 2017,2018, 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 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 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 as our independent registered public accounting firm, the Audit Committee considered whether the provision of services, other than auditing services, by LaPorte is compatible with maintaining their independence.  In fiscal 20162017 and 2015,2016, LaPorte performed auditing services as well as reviewed our public filings.  The Audit Committee believes that LaPorte's performance of these services is compatible with maintaining the independent registered public accounting firm's independence.

Audit Fees

The following table sets forth the aggregate fees paid by us to LaPorte for professional services rendered by LaPorte in connection with the audit of Home Federal Bancorp's consolidated financial statements for fiscal 20162017 and 2015,2016, as well as the fees paid by us to LaPorte for audit-related services, tax services and all other services rendered by LaPorte to us during fiscal 20162017 and 2015.2016.
 
  Year Ended June 30, 
   2016  2015 
 
Audit fees(1)
 $78,850  $79,150 
 
Audit-related fees(2)
  925   1,650 
 Tax fees  --   -- 
 All other fees  --   -- 
 Total $79,775  $80,800 
 Year Ended June 30, 
  2017  2016 
Audit fees(1)
 $77,550  $78,850 
Audit-related fees(2)
  1,025   925 
Tax fees  --   -- 
All other fees  --   -- 
Total $78,757  $79,775 
___________________
(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 for 20162017 and 20152016 consist of fees incurred in connection with accounting consultation and research.

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.
 
 
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Each new engagement of LaPorte, A Professional Accounting Corporation 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, A Professional Accounting Corporation for the
fiscal year ending June 30, 2017.2018.


REPORT OF THE AUDIT COMMITTEE

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, A Professional Accounting Corporation, 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 applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant's communications with the Audit Committee concerning independence and has discussed with LaPorte, A Professional Accounting Corporation, 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-K for fiscal year 2017 for filing with the Securities and Exchange Commission.

Members of the Audit Committee
Mark M. Harrison
Scott D. Lawrence, Chairman
Timothy W. Wilhite, Esq.


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 2017,2018, 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 7, 2017.6, 2018.  If such proposal is in compliance with all of the 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 8.D. of our Articles of Incorporation. Notice of the proposal must be given in writing and delivered to, or mailed and received at, our principal executive offices no later than June 7, 2017.6, 2018.  The notice must include the information required by Article 8.D. of our Articles of Incorporation.

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Shareholder Nominations.  Our BylawsArticles of Incorporation 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 5.F. of our Bylaws.Articles of Incorporation.  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 no later than June 7, 2017,6, 2018, with respect to the next annual meeting of shareholders.

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 including the Form 10-K for the year ended June 30, 20162017 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 without charge a copy of the exhibits to the Annual Report on Form 10-K for the year ended June 30, 2016.2017.  Such written requests should be directed to Ms. DeNell W. Mitchell, Corporate Secretary, Home Federal Bancorp, Inc., 624 Market Street, Shreveport, Louisiana 71101.
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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.

You may elect to receive future proxy materials, as well as other investor communications, in a single package per address.  This practice, known as "householding," is designed to reduce our paper use, and printing and postage costs.  To make the election, please indicate on your proxy card under "Householding Election" your consent to receive such communications in a single package per address.  Your consent to householding will be perpetual until you revoke it.  You may revoke your consent or request separate copies of our proxy materials by notifying our Corporate Secretary at 624 Market Street, Shreveport, Louisiana 71101.  If you revoke your consent, we will start sending you individual copies of proxy materials and other investor communications within 30 days of your revocation.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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20
 
21
 
 
 
 
 
 

October 5, 20164, 2017


To:Participants in the Home Federal Bank 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. 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 Bank 401(k) Plan will be voted.

Enclosed with this letter is the Proxy Statement, which describes the matters to be voted upon, Annual Report for the year ended June 30, 20162017 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 the envelope provided or voting by phone or the Internet.  In order to be effective, your voting instructions must be received no later than 11:59 P.M. Eastern Time on November 2, 2016.1, 2017.

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.

Very truly yours,
 
Daniel R. Herndon
Executive Chairman of the Board
 
 
 
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24
 
 
 
October 5, 20164, 2017


To:Participants in the Home Federal Bank 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. 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 Bank ESOP will be voted.

Enclosed with this letter is the Proxy Statement, which describes the matters to be voted upon, Annual Report for the year ended June 30, 20162017 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 the envelope provided or voting by phone or the Internet.  In order to be effective, your voting instructions must be received no later than 11:59 P.M. Eastern Time on November 2, 2016.1, 2017.

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.

Very truly yours,
 
Daniel R. Herndon
Executive Chairman of the Board


 
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