Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 76

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 76
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$393,462 $1,065 

Funding Sources

Deposits

Deposits totaled $2.9 billion at June 30, 2025, an increase of $127.5 million, or 4.6%, compared to December 31, 2024. The following table summarizes the changes in the Company’s deposits from December 31, 2024 to June 30, 2025.

(dollars in thousands)June 30, 2025December 31, 2024Increase/(Decrease)Demand deposit$796,844 $733,073 $63,771 8.7 %Savings204,191 210,977 (6,786)(3.2)Money market463,332 457,483 5,849 1.3 NOW625,793 645,246 (19,453)(3.0)Certificates of deposit818,074 733,917 84,157 11.5 Total deposits$2,908,234 $2,780,696 $127,538 4.6 %

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The average rate paid on interest-bearing deposits was 2.52% for the second quarter of 2025, down 17 bps compared to the second quarter of 2024. At June 30, 2025, certificates of deposit maturing within the next 12 months totaled $781.9 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.

June 30, 2025December 31, 2024Individuals52%53%Small businesses3837Public funds77Broker 33Total100%100%

The total amounts of our uninsured deposits (deposits in excess of $250,000, as calculated in accordance with FDIC regulations) were $887.9 million at June 30, 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 due 2032. The Notes were issued at a price equal to 100% of the aggregate principal amount. The