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Company Description (as filed with the SEC)
Louisiana Bancorp, Inc. is a Louisiana corporation that became the holding company for Bank of New Orleans following the conversion of the Bank in July 2007 from a federally chartered mutual savings bank to a federally chartered stock savings bank. The Bank currently operates out of its headquarters and three traditional bank branches located in the New Orleans, Louisiana metropolitan area. At December 31, 2013, the Bank had 69 full-time employees and one part-time employee. At December 31, 2013, 2012 and 2011, the Company had total assets of $316.7 million, $311.9 million, and $313.1 million, respectively. Net interest income during these years was $10.1 million, $10.0 million and $9.8 million, respectively, and net income was $2.7 million, $2.5 million, and $2.1 million, respectively. We are primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. ... More ...