Metairie-based Louisiana Bancorp Inc. reported third-quarter earnings dipped to $576,000, or 22 cents per share, compared to $647,000, or 24 cents per share, a year ago.
The holding company for Bank of New Orleans reported lower interest and non-interest income, although the latter showed a larger change.
Louisiana Bancorp reported its gains on the sale of residential mortgage loans fell by $196,000.
The company said it will extend its stock repurchase program for six months to May 1. The company said 149,426 shares remain to be purchased under the program. In late February, the company announced plans to buy back up to 150,000 shares.
Lawrence J. LeBon, III, chairman, president and chief executive officer of Louisiana Bancorp, said the company was pleased that interest income remained relatively consistent despite the changes in interest rates.