Hibernia Bancorp Inc. in New Orleans reported net income of $34,000 for the quarter ended Sept 30, compared to net income of $3,000 for same period last year.

Earnings amounted to 4 cents per share, compared to 1 cent a year ago.

Peyton Bush III, president and chief executive officer, attributed the gain to increased loan volume, an improved net interest margin and slightly lower non-interest expenses, partially offset by a higher provision for loan losses.

Hibernia Bank, the wholly owned subsidiary of Hibernia Bancorp Inc., has a main office and two branches.