Home Federal Bancorp amends Loan Officer Incentive Plan for 2022 fiscal year

Home Federal Bancorp, Inc. of Louisiana

Compensation Committee approved amended Loan Officer Incentive Plan on Sept. 26, 2022.
Amendment adds provisions for termination/leave and plan discontinuation during fiscal year.
Plan awards variable cash incentives based on net interest income from loan portfolios and new loan growth.
Named executive officer K. Matthew Swary (Commercial Sales Manager) participates; his award capped at 50% of base salary.
Level I participants get 2.0% of net interest income from existing loans and 15.0% from new loan net income.

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