Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 55

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 55
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 of March 31, 2025 and December 31, 2024.

26

(dollars in thousands)March 31, 2025Level 1Level 2Level 3AssetsAvailable for sale securities:U.S. agency mortgage-backed$263,130 $— $263,130 $— Collateralized mortgage obligations70,008 — 70,008 — Municipal bonds46,589 — 46,589 — U.S. government agency16,199 — 16,199 — Corporate bonds4,627 — 4,627 — Total$400,553 $— $400,553 $— Derivative assets$2,613 $— $2,613 $— Total$403,166 $— $403,166 $— LiabilitiesDerivative liabilities$230 $— $230 $— (dollars in thousands)December 31, 2024Level 1Level 2Level 3AssetsAvailable for sale securities:U.S. agency mortgage-backed$261,873 $— $261,873 $— Collateralized mortgage obligations71,389 — 71,389 — Municipal bonds45,829 — 45,829 — U.S. government agency17,128 — 17,128 — Corporate bonds6,573 — 6,573 — Total$402,792 $— $402,792 $— Derivative assets$3,267 $— $3,267 $— Total$406,059 $— $406,059 $— LiabilitiesDerivative liabilities$42 $— $42 $— Nonrecurring BasisThe Company records loans individually evaluated for credit losses at fair value on a nonrecurring basis. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Loans individually evaluated are classified as Level 3 assets when measured using appraisals from third parties of the collateral less any prior liens and when there is no observable market price.Foreclosed assets and ORE are also recorded at fair value on a nonrecurring basis. Foreclosed assets are initially