Hibernia Bancorp Inc. , the holding company of Hibernia Bank in New Orleans, reported net income of $59,000, or 6 cents per share, for the quarter ended Dec. 31, compared to $66,000, or 7 cents per share, a year earlier.

It reported net income of $101,000 for 2013, compared to $199,000 in 2012.

Earnings per share were 11 cents for 2013, compared to 21 cents in 2012.

“We experienced narrowing net interest margins throughout 2013, and outstanding loans declined due to unscheduled prepayments and lower new loan production. These were the primary factors in the company’s lower net income for the year.,” said A. Peyton Bush III, president and chief executive officer

Hibernia has a main office and two branches serving the New Orleans area.