Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 69

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 69
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retion of discounts(54)— Increase in market value7,012 — Balance, March 31, 2025$400,553 $1,065 

Funding Sources

Deposits

Deposits totaled $2.8 billion at March 31, 2025, an increase of $46.5 million, or 1.7%, compared to December 31, 2024. The following table summarizes the changes in the Company’s deposits from December 31, 2024 to March 31, 2025.

(dollars in thousands)March 31, 2025December 31, 2024Increase/(Decrease)Demand deposit$754,955 $733,073 $21,882 3.0 %Savings212,053 210,977 1,076 0.5 Money market464,659 457,483 7,176 1.6 NOW641,287 645,246 (3,959)(0.6)Certificates of deposit754,253 733,917 20,336 2.8 Total deposits$2,827,207 $2,780,696 $46,511 1.7 %

The average rate paid on interest-bearing deposits was 2.51% for the first quarter of 2025, down 1 bps compared to the first quarter of 2024. At March 31, 2025, certificates of deposit maturing within the next 12 months totaled $708.2 million.

We obtain most of our deposits from individuals, small businesses and public funds in our market areas. The following table presents our deposits per customer type for the periods indicated.

March 31, 2025December 31, 2024Individuals53%53%Small businesses3637Public funds87Broker 33Total100%100%

The total amounts of our uninsured deposits (deposits in excess of $250,000, as calculated in accordance with FDIC regulations) were $844.2 million at March 31, 2025 and $813.6 million at December 31, 2024. Public funds in excess of the FDIC insurance limits are fully collateralized.

Subordinated Debt

On June 30, 2022, the Company issued $55.0 million in aggregate principal amount of its 5.75% Fixed-to-Floating Rate Subordinated Notes