Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 69

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 69
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or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The Company has determined that its derivative valuations are classified in Level 2 of the fair value hierarchy. 

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The following tables present the balances of assets and liabilities measured on a recurring basis as of December 31, 2024 and 2023 aggregated by the level in the fair value hierarchy in which these measurements fall.(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 available for sale securities$402,792 $— $402,792 $— Derivative assets(1)$3,267 $— $3,267 $— Total$406,059 $— $406,059 $— LiabilitiesDerivative liabilities(1)$42 $— $42 $— (dollars in thousands)December 31, 2023Level 1Level 2Level 3AssetsAvailable for sale securities:U.S. agency mortgage-backed$283,853 $— $283,853 $— Collateralized mortgage obligations79,262 — 79,262 — Municipal bonds46,674 — 46,674 — U.S. government agency18,049 — 18,049 — Corporate bonds6,088 — 6,088 — Total available for sale securities$433,926 $— $433,926 $— Derivative assets(1)$3,914 $— $3,914 $— Total$437,840 $— $437,840 $— LiabilitiesDerivative liabilities(1)$3 $— $3 $— (1)For more information, refer to Note 14. Nonrecurring BasisThe Company records loans individually evaluated for impairment at fair