Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 2

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 2
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Nonperforming assets increased $9.8 million, or 62.9%, from $15.6 million, or 0.45% of total assets, at December 31, 2024 to $25.4 million, or 0.73% of total assets, at June 30, 2025. The increase in nonperforming assets was primarily due to three loan relationships classified as substandard in 2024 and moved to nonaccrual status during the 2025 period, and three loan relationships that were downgraded to substandard and moved to nonaccrual status during the 2025 period.

•Total deposits amounted to $2.9 billion at June 30, 2025, an increase of $127.5 million, or 4.6%, from December 31, 2024. 

•The net interest margin was 4.04% and 3.98% for the three and six months ended June 30, 2025, respectively, up 38 bps and 33 bps from the three and six months ended June 30, 2024, respectively. The increases were primarily due to higher yields on interest-earning assets and lower funding cost.

•The average rate paid on total interest-bearing deposits was 2.52% for the second quarter of 2025, which was down 17 bps from the second quarter of 2024. For the six months ended June 30, 2025, the average rate paid on total interest-bearing deposits was 2.52%, down 8 bps from the six months ended June 30, 2024.

•Total interest expense for the second quarter of 2025 was down $787,000, or 4.9%, compared to the second quarter of 2024, primarily due to lower cost of borrowings. For the six months ended June 30, 2025, total interest expense was down $560,000, or 1.8%, from the comparable period in 2024.

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•Noninterest income for the second quarter of 2025 was down $39,000, or 1.0%, compared to the second quarter of 2024, primarily due to a decrease in other income (down $143,000), which was partially offset by an increase in service fees and charges (up $106,000). For the six months ended June 30, 2025, noninterest income was up