Home Federal Bancorp Inc. announced that its board of directors declared a quarterly cash dividend of $0.055 per share on its common stock. The dividend will be paid on December 15, 2009, to stockholders of record as of December 1, 2009.

Home Federal Bancorp Inc. appointed David Barber as the senior vice president of the bank's mortgage lending division. Mr. Barber's 17 years of lending experience includes five years as the regional vice president of Centex Home Equity Corp. in Dallas and six years in the same capacity with United Companies Lending Corp. in Baton Rouge, La. Most recently he served as vice president and director of branch operations for First Family Mortgage Inc., Bossier City, La.

Home Federal Bancorp Inc. reported consolidated and unaudited earnings results for the fourth quarter and full year ended September 30, 2009. For the quarter, the company reported net income of $9.7 million, or $0.36 per diluted share, compared to net income of $994,000, or $0.06 per diluted share, for the same period a year ago. Total revenue which consisted of net interest income before the provision for loan losses plus noninterest income, decreased $267,000, or 3%, to $8.3 million compared to $8.6 million for the same period of 2008 and was unchanged at $8.3 million compared to the linked third quarter of fiscal 2009. Net interest income before the provision for loan losses increased $529,000, or 9%, to $6.4 million for the quarter ended September 30, 2009, compared to $5.9 million for the same quarter of the prior year. Total interest and dividend income was $9,159,000, loss before income taxes was $9,046,000 as compared to total interest and dividend income was $9,729,000, income before income taxes was $1,478,000 for the same period last year. Return on average assets was 4.94% and return on average equity was 19.41% as compared to return on average assets was 0.54% and return on average equity was 1.94% for the same period last year. Book value per outstanding was $12.56 as compared to $11.81 for the same period last year. For nine months, the company reported net income was $8.1 million, or $0.46 per diluted share, compared to net income of $4.0 million, or $0.25 per diluted share, for the fiscal year ended September 30, 2008. Total revenue for the fiscal year ended September 30, 2009 decreased $169,000, or 1% to $33.1 million, compared to $33.3 million in fiscal year 2008, as a result of the decline in noninterest income. Net interest income before provision for loan losses for the twelve months ended September 30, 2009 increased $1.2 million, or 5% to $23.9 million from $22.6 million for the same period of the prior year. Total interest and dividend income was $35,827,000, loss before income taxes was $11,915,000 as compared to total interest and dividend income was $40,583,000, income before income taxes was $6,268,000 for the same period last year.