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

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 2
Chunk 10
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 to expense. Gains and losses on the sale of foreclosed assets and ORE are charged to operations, as incurred. Costs associated with acquiring and improving a foreclosed property or ORE are capitalized to the extent that the carrying value does not exceed fair value less estimated selling costs.

Investment Securities

The Company’s investment securities portfolio totaled $384.4 million as of September 30, 2025, a decrease of $19.5 million, or 4.8%, from December 31, 2024. During the third quarters of 2025 and 2024, the Company had no gains or losses related to the sale of available-for-sale investment securities. At September 30, 2025, the Company had a net unrealized loss on its available for sale investment securities portfolio of $26.5 million, compared to a net unrealized loss of $41.0 million at December 31, 2024. The Company’s investment securities portfolio had an effective duration of 3.5 years and 3.9 years at September 30, 2025 and December 31, 2024, respectively. 

The following table summarizes activity in the Company’s investment securities portfolio during the nine months ended September 30, 2025.

(dollars in thousands)Available for SaleHeld to MaturityBalance, December 31, 2024$402,792 $1,065 Purchases11,652 — Sales— — Principal maturities, prepayments and calls(45,448)— Amortization of premiums and accretion of discounts(166)— Increase in market value14,510 — Balance, September 30, 2025$383,340 $1,065 

Funding Sources

Deposits

Deposits totaled $3.0 billion at September 30, 2025, an increase of $194.8 million, or 7.0%, compared to December 31, 2024. The following table summarizes the changes in the Company’s deposits from December 31, 2024 to September 30, 2025.

(dollars in thousands)September 30, 2025December 31, 2024Increase/(Decrease)Demand deposit$801,974 $733,073 $68,901 9.4 %Savings200,135 210,977 (10