Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 52

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 52
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 first mortgage collateral, demand deposit accounts, capital stock and certain other assets pursuant to the “Advances, Collateral Pledge and Security Agreement.” Under this collateral pledge agreement, the Bank must meet all statutory and regulatory capital standards and must meet all FHLB credit underwriting standards. Management believes that the Bank was in compliance with all such requirements as of December 31, 2024 and 2023.As of December 31, 2024 and 2023, the Company had $1,088,068,000 and $1,020,494,000, respectively, of additional FHLB advances available based on collateral pledged. As of December 31, 2024 and 2023, the Company had $1,202,054,000 and $1,159,170,000, respectively, of loans pledged through the Company’s blanket lien.

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13. Long-term FHLB Advances

As of December 31, 2024 and 2023, the Company’s long-term FHLB advances totaled $38,326,000 and $42,713,000, respectively. The following table summarizes long-term advances as of December 31, 2024.(dollars in thousands)AmountWeighted Average RateFixed rate advances maturing in:2025$35,194 3.49 %20263,132 1.55 Total long-term FHLB advances$38,326 3.33 %

14. Derivatives and Hedging Activities

Risk Management Objective of Using DerivativesThe Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates.  The Company’s existing credit derivatives result from loan participation arrangements, therefore, are not used to manage interest rate risk in the Company’s assets or liabilities. The Company occasionally enters into credit risk participation agreements with counterparty banks to accept a portion of the credit risk related to interest rate swaps. The agreements, which are typically executed in conjunction with a participation