Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 51

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 51
---
, the Bank pledged securities with a collateral value of $0 and $103.4 million, respectively, and had no outstanding debt for 2024 and 2023, respectively. For the years ended December 31, 2024 and 2023, the average volume of BTFP advances carried by the Company was $123,160,000 and $0, respectively.

11. Subordinated Debt

On June 30, 2022, the Company issued $55,000,000 in aggregate principal amount of its 5.75% Fixed-to-Floating Rate Subordinated Notes (the "Notes") due 2032. The Notes were issued at a price equal to 100% of the aggregate principal amount. The Notes have a stated maturity date of June 30, 2032 and bear interest at a fixed rate of 5.75% per year from and including the issue date to but excluding June 30, 2027. From June 30, 2027, the Notes bear interest at a floating rate equal to the then current three-month term secured overnight financing rate (“SOFR”), plus 282 basis points. The Notes may be redeemed by the Company, in whole or in part, on or after June 30, 2027. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The carrying value of subordinated debt was $54,459,000 and $54,241,000 at December 31, 2024 and December 31, 2023, respectively. The subordinated debt was recorded net of issuance costs, which is being amortized using the straight-line method over five years.

12. Short-term FHLB Advances

As of December 31, 2024 and 2023, the Company had short-term FHLB advances of $137,220,000 and $150,000,000, respectively. Interest rates for FHLB short-term advances outstanding at December 31, 2024 and 2023 ranged from 4.38% to 4.55% and 5.38% to 5.58%, respectively. For the years ended December 31, 2024 and 2023, the average volume of short-term FHLB advances carried by the Company was $18,157,000 and $205,361,000, respectively.Collateral for short- and long-term FHLB advances is secured through a blanket lien evidenced by the Company’s pledge of