Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 133

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 133
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 new information is obtained. Subsequently, adjustments recorded during the measurement period are recognized in the current reporting period.

ACQUISITION ACTIVITY

The Company has completed six acquisitions since 2010. The following table is a summary of the Company’s acquisition activity as recorded.

SUMMARY OF ACQUISITION ACTIVITY(dollars in thousands)AcquisitionAcquisitionDateTotalAssetsTotalLoansGoodwillCoreDepositIntangibleTotalDepositsStatewide Bank3/12/2010$188,026 $110,415 $560 $1,429 $206,925 GS Financial Corporation7/15/2011256,677 182,440 296 859 193,518 Britton & Koontz Capital Corporation2/14/2014298,930 161,581 43 3,030 216,600 Louisiana Bancorp, Inc.9/15/2015352,897 281,583 8,454 1,586 208,670 St. Martin Bancshares, Inc.12/6/2017592,852 439,872 49,135 6,766 533,497 Friendswood Capital Corporation3/26/2022413,919 317,492 23,029 4,597 367,991 Total Acquisitions$2,103,301 $1,493,383 $81,517 $18,267 $1,727,201 

FINANCIAL CONDITION

Loans, Allowance for Credit Losses and Asset Quality

Loans 

The types of loans originated by the Company are subject to federal and state laws and regulations. Interest rates charged on loans are affected principally by the demand for such loans and the supply of money available for lending purposes and the rates offered by our competitors. These factors are, in turn, affected by general and economic conditions, the monetary policy of the federal government, including the FRB, legislative tax policies and governmental budgetary matters.

The Company’s lending activities are subject to underwriting standards and loan origination procedures established by our Board of Directors and management. Loan originations are obtained through a variety of sources, primarily existing customers as well as new customers obtained from referrals and local advertising and promotional efforts. one- to four-family residential mortgage loan applications and consumer loan applications are taken at any of the Bank’s branch offices. Applications for other loans typically are taken personally by one of our loan