Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 49

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 49
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 the fair market rental rates. The lease and asset liability considers renewal options when they are reasonably certain of being exercised. Refer to Note 2, Summary of Significant Accounting Policies. The following table summarizes net lease cost and selected other information related to operating leases at December 31 of the years indicated.  (dollars in thousands)202420232022Net lease cost:Operating lease cost$1,693 $1,442 $1,197 Variable lease cost— — — Net lease cost$1,693 $1,442 $1,197 Selected other operating lease informationWeighted average remaining lease term (years)6.17.06.7Weighted average discount rate5.9%5.7%5.7%The following table summarizes the maturity of remaining lease liabilities.Years Ending December 31, (dollars in thousands)2025$1,357 20261,371 20271,386 20281,228 20291,150 Thereafter10,160   Total future minimum lease payments16,652 Less: amount representing interest(5,915)Present value of net future minimum lease payments$10,737 

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8. Goodwill and Intangibles

Goodwill and other intangible assets are presented in the table below. Changes in carrying amount of the Company’s goodwill and core deposit intangible (“CDI”) for the years ended December 31, 2024, 2023 and 2022 were as follows.(dollars in thousands)GoodwillCDIBalance, December 31, 2021$58,488 $3,461 Friendswood acquisition23,029 4,597 Amortization of intangibles— (1,602)Balance, December 31, 202281,517 6,456 Amortization of intangibles— (1,601)Balance, December 31, 202381,517 4,855 Amortization of intangibles— (1,328)Balance, December 31, 2024$81,517 $3,527 The weighted-average amortization period for CDI acquired is 11 years. The Company completed its annual impairment test of goodwill and other intangible assets as of December 31, 2024. The evaluation did not indicate impairment on its goodwill or other intangible assets.Estimated future amortization expense for CDI remaining at