Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 48

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 48
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 and lines0000Commercial real estate12121212Construction and land331212Multi-family residential0000Commercial and industrial3300Consumer0000The table below reflects the performance of loans that have been modified in the last 12 months. 

21

(dollars in thousands)30-89 Days Past Due90+ Days Past DueNonaccrualCurrentTotalMarch 31, 2025One-to four-family first mortgage$— $— $373 $23 $396 Home equity loans and lines— — — — — Commercial real estate— — 957 — 957 Construction and land— — 215 2 217 Multi-family residential— — — — — Commercial and industrial— — — 3,296 3,296 Consumer— — — — — Total$— $— $1,545 $3,321 $4,866 The loan modifications reported in the table above did not significantly impact the Company's allowance for loan losses during 2025.

Foreclosed Assets and OREForeclosed assets and ORE include real property and other assets that have been acquired as a result of foreclosure, and real property no longer used in the Bank's business. Foreclosed assets and ORE totaled $2,424,000 and $2,010,000 at March 31, 2025 and December 31, 2024, respectively. These amounts are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition.The carrying amount of foreclosed residential real estate properties held at March 31, 2025 and December 31, 2024 totaled $2,410,000 and $2,010,000, respectively. Loans secured by single family residential real estate that were in the process of foreclosure at March 31, 2025 and December 31, 2024 totaled $1,843,000 and $4,472,000, respectively.

6. 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