Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 86

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 86
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1,337)922 (415)(1,175)649 (526)Other borrowings(161)(1,442)(1,603)(909)(2,127)(3,036)Subordinated debt(3)3 — (3)3 — FHLB advances(122)930 808 333 1,645 1,978 Total interest expense(1,508)721 (787)(1,281)721 (560)Increase in net interest income$2,990 $968 $3,958 $4,196 $2,610 $6,806 

Noninterest Income

Noninterest income for the second quarter of 2025 totaled $3.7 million, down $39,000, or 1.0%, from $3.8 million earned for the same period in 2024. Noninterest income decreased over the comparable periods primarily due to a decrease in other income (down $143,000, primarily due to the absence of derivative fee income), which was partially offset by an increase in service fees and charges (up $106,000).

Noninterest income for the six months ended June 30, 2025 totaled $7.7 million, up $421,000, or 5.8%, from $7.3 million earned for the same period in 2024. Noninterest income increased over the comparable periods primarily due to an increase in gain on sale of loans (up $278,000, primarily due to gain on sale of SBA loans) and service fees and charges (up $161,000), which were partially offset by a decrease in other income (down $46,000, primarily due to the absence of derivative fee income).

Noninterest Expense

Noninterest expense for the second quarter of 2025 totaled $22.4 million, up $599,000, or 2.7%, from the second quarter of 2024. Noninterest expense increased over the comparable quarters primarily due to an increase in other expenses (up $852,000, primarily due to a write off of an acquired SBA accounts receivable for guarantees), compensation and benefits (up $534,000, primarily due to increases in salaries), and foreclosed assets (up $330,000) which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,000, primarily due to lower unfunded commitment levels) and professional services (down