Home Federal Bancorp, Inc. (Nasdaq:HOME) announced results for its third fiscal quarter ended June 30, 2011. For the quarter ended June 30, 2011, the Company reported a net loss of ($78,000), or ($0.01) per diluted share, compared to a net loss of ($1.9 million), or ($0.12) per diluted share, for the same period last year. Pre-tax, pre-provision income totaled $584,000. The Company repurchased 372,300 shares of its common stock during the quarter at an average cost of $10.50 per share for a total cost of $3.9 million. Net interest income before provision increased $858,000 when compared to the linked quarter ended March 31, 2011. The provision for loan losses, less the FDIC indemnification recovery, totaled $422,000 and the provision for other real estate owned totaled $296,000. Noninterest income, excluding the FDIC indemnification recovery, increased by $74,000, or 2.3%, when compared to the linked quarter.

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