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. Our newest branch office located in Covington, Louisiana was opened during the second quarter of 2012. At December 31, 2012, the Bank had 70 full-time employees and two part-time employees. At December 31, 2012, 2011 and 2010, the Company had total assets of $311.9 million, $313.1 million, and $320.9 million, respectively. Net interest income during these years was $10.0 million, $9.8 million and $10.3 million, respectively, and net income was $2.5 million, $2.1 million, and $2.6 million, respectively. ... More ...