Metairie-based Louisiana Bancorp Inc., the holding company for Bank of New Orleans, reported a first-quarter profit of $669,000, or 25 cents per share, compared to $620,000, or 23 cents per share, a year ago.

The company increased net interest income by 7 percent to $2.7 million. Louisiana Bancorp also reduced the amount it set aside for loan losses by $29,000. The bank said it had also opened its rebuilt and renovated branch at Transcontinental Drive in Metairie.