Filing Details

 CUSIP NO. 43708L 10 8

13G/A

  Page 2 of 6 Pages

1.

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Home Federal Bank Employee Stock Ownership Plan Trust

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                           (a)  [   ]

 

(b)  [   ]

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Louisiana

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

 REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

79,106

6.

SHARED VOTING POWER

 

119,772

7.

SOLE DISPOSITIVE POWER

 

79,106

8.

SHARED DISPOSITIVE POWER

 

119,772

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

198,878

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    [   ]

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

11.8%

12.

TYPE OF REPORTING PERSON

 

EP

 CUSIP NO. 43708L 10 8

13G/A

  Page 3 of 6 Pages

 CUSIP NO. 43708L 10 8

13G/A

  Page 4 of 6 Pages

Item 4.

Ownership.

(a)

Amount beneficially owned:

198,878

(b)

Percent of class: 11.8% (based on 1,689,527 shares issued and outstanding as of December 31, 2020)

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote 79,106

(ii)

Shared power to vote or to direct the vote 119,772

(iii)

Sole power to dispose or to direct the disposition of 79,106

(iv)

Shared power to dispose or to direct the disposition of 119,772

The reporting person is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended, with individual accounts for the benefit of participating employees and their beneficiaries.  The reporting person’s assets are held in trust by trustees James R. Barlow, Glen W. Brown and Dawn F. Williams (“Plan Trustees”).  The number of shares listed as beneficially owned represents the entire number of shares of Common Stock held by the Plan Trust, as of December 31, 2020.

As of December 31, 2020, 119,772 shares of Common Stock were allocated to individual accounts established for participating employees and their beneficiaries and 79,106 unallocated shares were held and were available for allocation in future years.  In general, participating employees and their beneficiaries have the power and authority to direct the voting of shares of Common Stock allocated to their individual accounts through the Plan Trustees, who have shared voting power over the allocated Common Stock.  Any unallocated Common Stock is generally required to be voted by the Plan Trustees for or against proposals to shareholders in the same proportion as the shares of Company Stock which have been allocated to the accounts of individual participants and beneficiaries are actually voted thereby, subject in each case to the fiduciary duties of the Plan Trustees and applicable law.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable since the reporting entity owns more than 5% of the class.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in the form of additional securities, are added to their respective individual accounts.  Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in cash, are, at the direction of the Plan Administrator, either (i) credited to the respective individual accounts, (ii) paid to the participant or beneficiary or (iii) used to pay principal and interest on outstanding indebtedness incurred by the reporting person to acquire Common Stock.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the

Security Being Reported on by the Parent Holding Company.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable since the reporting entity is not a member of a group.

Item 9.

Notice of Dissolution of Group.

Not applicable since the reporting entity is not a member of a group.

 CUSIP NO. 43708L 10 8

13G/A

  Page 6 of 6 Pages

Item 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

February 12, 2021

By:

James R. Barlow, Trustee

February 12, 2021

By:

Glen W. Brown, Trustee