Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 69

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 69
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 2025 was $22.5 million, up $273,000, or 1.2%, compared to the third quarter of 2024, primarily due to an increase in compensation and benefits (up $473,000) and foreclosed assets (up $315,000), which were partially offset by a decrease in other expenses (down $206,000) and occupancy (down $188,000). For the nine months ended September 30, 2025, noninterest expense was up $66.5 million, $1.6 million, or 2.4%, from the comparable period in 2024 primarily due to an increase in compensation and benefits (up $1.5 million) and foreclosed assets, net (up $807,000), 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 September 30, 2025 were $2.7 billion, down $12.3 million, or 0.5%, from December 31, 2024. 

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

(dollars in thousands)September 30, 2025December 31, 2024Increase/(Decrease)Real estate loans:One-to four-family first mortgage$490,600 $501,225 $(10,625)(2.1)%Home equity loans and lines86,885 79,097 7,788 9.8 Commercial real estate1,175,384 1,158,781 16,603 1.4 Construction and land325,725 352,263 (26,538)(7.5)Multi-family residential184,022 178,568 5,454 3.1 Total real estate loans2,262,616 2,269,934 (7,318)(0.3)%Other loans:Commercial and industrial413,590 418,627 (5,037)(1.2)Consumer29,689 29,624 65 0.2 Total other loans443,279 448,251 (4,972)(1.1)Total loans$2,705,895 $2,718,185 $(12,290)(0.5)%

Allowance