Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 33

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 33
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 Entity (VIE)" ("ASU 2025-03") clarifies the guidance in determining the accounting acquirer in a business combination effected primarily by exchanging equity interests when the acquiree is a VIE that meets the definition of a business. The standard is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted, and the standard is to be applied prospectively to acquisitions after the adoption date. We do not expect this update to have a material impact on our consolidated financial statements.

3. Investment Securities

The following tables summarize the Company’s available for sale and held to maturity investment securities at June 30, 2025 and December 31, 2024.(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueJune 30, 2025   Available for sale:U.S. agency mortgage-backed$280,484 $248 $21,807 $258,925 Collateralized mortgage obligations68,080 1 1,466 66,615 Municipal bonds53,240 — 6,298 46,942 U.S. government agency16,863 — 525 16,338 Corporate bonds4,985 — 343 4,642 Total available for sale$423,652 $249 $30,439 $393,462 Held to maturity:Municipal bonds$1,065 $1 $— $1,066 Total held to maturity$1,065 $1 $— $1,066 (dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueDecember 31, 2024   Available for sale:U.S. agency mortgage-backed$291,351 $45 $29,523 $261,873 Collateralized mortgage obligations73,931 1 2,543 71,389 Municipal bonds53,458 1 7,630 45,829 U.S. government agency18,079 — 951 17,128 Corporate bonds6,985 — 412 6,573 Total available for sale$443,804 $47 $41,059 $402,792 Held to maturity:Municipal bonds