Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 3

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 3
---
 $421,000, or 5.8%, from the comparable period in 2024 primarily due to an increase in gain on sale of loans (up $278,000) and service fees and charges (up $161,000), which were partially offset by a decrease in other income (down $46,000).

•Noninterest expense for the second quarter of 2025 was up $599,000, or 2.7%, compared to the second quarter of 2024, primarily due to an increase in other expenses (up $852,000), compensation and benefits (up $534,000), and foreclosed assets (up $330,000), which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,000) and professional services (down $185,000). For the six months ended June 30, 2025, noninterest expense was up $1.3 million, or 3.1%, from the comparable period in 2024 primarily due to an increase in compensation and benefits (up $1.0 million), other expenses (up $821,000) and foreclosed assets, net (up $492,000), which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,000).

FINANCIAL CONDITION

Loans, Allowance for Credit Losses and Asset Quality

Loans

Total loans at June 30, 2025 were $2.8 billion, up $46.4 million, or 1.7%, from December 31, 2024. 

The following table summarizes the composition of the Company’s loan portfolio as of the dates indicated.

(dollars in thousands)June 30, 2025December 31, 2024Increase/(Decrease)Real estate loans:One-to four-family first mortgage$504,145 $501,225 $2,920 0.6 %Home equity loans and lines81,178 79,097 2,081 2.6 Commercial real estate1,218,168 1,158,781 59,387 5.1 Construction and land324,574 352,263 (27,689)(7.9)Multi-family residential183,809 178,568 5,241 2.9 Total real estate loans2,311,874 2,269,934 41,940 1.