Mary L. Jones
Executive Vice President Retail and Chief Operations Officer at Home Federal Bancorp, Inc. of Louisiana
Executive
About Mary L. Jones
Mary L. Jones, age 72, is Executive Vice President Retail and Chief Operations Officer of Home Federal Bank (HFBL) since January 2025, after serving as Chief Operations Officer/SVP Retail & Deposit Operations since January 2015; she has worked at the bank since 1985 across operations and BSA/compliance roles . Executive officers are elected annually under HFBL’s bylaws . Company performance during her recent tenure reflects improving shareholder outcomes: HFBL’s total shareholder return (value of $100) rose to 123.50 in FY2025 from 84.88 in FY2024 and 73.27 in FY2023, while net income was $3,888k in FY2025 vs. $3,593k in FY2024 and $5,704k in FY2023 . Equity awards for NEOs, including Jones, are time-based (not performance-conditioned), with vesting acceleration on change-in-control or death/disability, and HFBL maintains a clawback policy compliant with SEC/Nasdaq as of 2023 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Home Federal Bank | Assistant Vice President & BSA Officer | Jan 1985–Jan 2009; BSA Officer again Jan 2013 | Long-tenured compliance and Bank Secrecy Act responsibility underpinning controls and deposit operations . |
| Home Federal Bank | Vice President of Operations | Jan 2009–Jul 2011 | Led bank operations during post-crisis period, improving operational throughput and controls . |
| Home Federal Bank | Senior Vice President, Retail & Deposit Operations | Jul 2011–Jan 2015 | Scaled retail/deposit ops; strengthened service delivery and branch processes . |
| Home Federal Bank | Chief Operations Officer; SVP Retail & Deposit Ops | Jan 2015–Jan 2025 | Enterprise operations leadership; drove stability and execution across retail/deposit platforms . |
| Home Federal Bank | Executive Vice President Retail & Chief Operations Officer | Jan 2025–Present | Expanded remit across retail plus enterprise operations; senior executive officer . |
External Roles
- No external public company directorships or board roles disclosed in HFBL’s proxy for Ms. Jones .
Fixed Compensation
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Base Salary ($) | 138,646 | 143,844 |
| Cash Bonus ($) | 13,609 | 14,120 |
| Stock Awards ($) | 0 | 0 |
| Option Awards ($) | 0 | 0 |
| All Other Compensation ($) | 26,430 | 25,141 |
| Total Compensation ($) | 178,685 | 183,105 |
- No target bonus percentage was disclosed for Ms. Jones; HFBL disclosed a discretionary bonus for the CEO, but did not specify Jones’s bonus mechanics beyond amounts .
Performance Compensation
- HFBL stated it has not made any equity incentive plan awards subject to performance conditions; Jones’s equity awards vest ratably over five years at 20% per year and are fully vested on November 11, 2025, with acceleration on change-in-control/death/disability .
| Incentive Type | Metric | Weighting | Target | Actual/Payout | Vesting Terms |
|---|---|---|---|---|---|
| Annual Cash Bonus | Not disclosed | Not disclosed | Not disclosed | $13,609 (FY24), $14,120 (FY25) | Paid in cash; no vesting disclosed . |
| Time-Based Stock Awards (granted 11/11/2020) | None (time-based) | N/A | N/A | 400 shares unvested as of 6/30/2025; $5,440 market value at $13.60 | 20% per year from 11/11/2021; fully vested 11/11/2025; accelerates on CIC/death/disability . |
| Stock Options (granted 11/11/2020 & 10/26/2015) | None (time-based) | N/A | N/A | 11,200 exercisable + 2,800 unexercisable (strike $11.86; exp. 11/11/2030); 14,000 exercisable (strike $11.50; exp. 10/26/2025) | Standard 20% annual vesting; post-termination and CIC exercise rules per plan . |
Equity Ownership & Alignment
| Ownership Component | Amount/Detail |
|---|---|
| Beneficial Ownership (as of 9/26/2025) | 85,220 shares; 2.8% of outstanding common stock . |
| Shares in 401(k) Plan | 31,315.7637 shares . |
| Shares allocated in ESOP | 16,844.6842 shares . |
| Equity Awards – Unvested Stock | 400 shares unvested as of 6/30/2025; market value $5,440 at $13.60 . |
| Stock Options – 2015 grant | 14,000 exercisable; strike $11.50; expiration 10/26/2025 . |
| Stock Options – 2020 grant | 11,200 exercisable; 2,800 unexercisable; strike $11.86; expiration 11/11/2030 . |
| Near-term vesting/selling pressure | All share awards vest 11/11/2025; 2015 options expire 10/26/2025 . |
| Pledging/Hedging | No pledged shares disclosed for Ms. Jones; hedging requires pre-clearance under Insider Trading Policy . |
- At the June 30, 2025 market price of $13.60, both the $11.50 and $11.86 options were in-the-money (indicative of potential exercise/sale activity around expiry/vesting) .
Employment Terms
| Term | Disclosure |
|---|---|
| Employment Agreement | None disclosed for Ms. Jones; executive officers are elected annually per bylaws . |
| Severance / Change-in-Control | Individual severance economics not disclosed for Ms. Jones; plan-level equity acceleration on change-in-control for share awards and options applies . |
| Clawback Policy | HFBL adopted a Compensation Recovery Policy in 2023 consistent with SEC/Nasdaq; applies to performance-based equity and cash incentives . |
| Insider Trading / Blackouts | Trades pre-notified to compliance officer; blackout windows before/after earnings; hedging only if pre-cleared by Board . |
Company Performance Context
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Shareholder Return (Value of $100) | 73.27 | 84.88 | 123.50 |
| Net Income ($USD Thousands) | 5,704 | 3,593 | 3,888 |
| Metric | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenues ($USD Thousands) | 2,099* | 1,584* | 2,005 |
Values retrieved from S&P Global. Entries with an asterisk have no document citations.
Investment Implications
- Compensation alignment: Jones’s pay is predominantly fixed cash (salary + modest annual cash bonus) with legacy time-based equity from 2020; no disclosed performance metrics or PSU framework ties her pay to revenue/ROA/TSR, reducing explicit pay-for-performance linkage .
- Near-term trading/vesting events: 14,000 options at $11.50 expire on 10/26/2025 and all remaining share awards vest on 11/11/2025, creating potential exercise/sale pressure into/after these dates; at $13.60 (6/30/2025), options were in-the-money .
- Ownership and alignment: With 85,220 shares (2.8%), plus meaningful holdings via 401(k)/ESOP, Jones has tangible skin-in-the-game; no pledging disclosed, and hedging is restricted without Board pre-clearance—favorable for alignment .
- Retention and execution risk: No individual employment or severance agreement disclosed for Jones; equity acceleration on change-in-control applies at plan level, but absence of defined severance may modestly increase retention sensitivity vs. peers with formal protections .
- Governance safeguards: Clawback policy (2023) and trading controls/blackouts mitigate conduct risk; however, lack of performance-conditioned equity for NEOs suggests limited incentive to outperform specific operational/financial targets, placing greater weight on intrinsic leadership/execution to drive TSR/net income .