Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 144

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 144
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 total loans0.50 %0.34 %0.43 %0.72 %0.94 %Nonperforming loans to total assets0.39 %0.27 %0.33 %0.45 %0.72 %Nonaccrual loans to total loans0.50 %0.34 %0.43 %0.72 %0.94 %Nonperforming assets to total assets0.45 %0.31 %0.34 %0.49 %0.77 %Total loans outstanding$2,718,185 $2,581,638 $2,430,750 $1,840,093 $1,979,954 Total assets outstanding$3,443,668 $3,320,122 $3,228,280 $2,938,244 $2,591,850 

(1)With the adoption of ASU 2022-02, effective January 1, 2023, TDR accounting has been eliminated.

Total nonperforming assets increased by $5.2 million, or 50.2%, to $15.6 million at December 31, 2024, compared to $10.4 million at December 31, 2023. The ratio of nonperforming assets to total assets was 0.45% at  December 31, 2024, compared to 0.31% at December 31, 2023. 

As of December 31, 2024, total nonperforming loans were up $4.8 million, or 54.3%, from December 31, 2023. Foreclosed assets and ORE were up $435,000, or 27.6%, from December 31, 2023.

Investment Securities

The Company invests in securities pursuant to our Investment Policy, which has been approved by our Board of Directors. The Investment Policy is designed primarily to manage the interest rate sensitivity of our assets and liabilities, to generate a favorable return without incurring undue interest rate or credit risk and to provide and maintain liquidity. The Asset-Liability Committee (“ALCO”), comprised of the Chief Executive Officer, Chief Financial Officer, Chief Operations Officer, Chief 

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Risk Officer and Director of Financial Management, monitors investment activity and ensures that investments are consistent with the Investment Policy. The Board of Directors of the