Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 54

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 54
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 21,119 Construction and land— — 2,948 750 3,698 Multi-family residential— — 370 — 370 Commercial and industrial— — — 5,841 5,841 Consumer— — — — — Total$— $— $6,204 $25,643 $31,847 

23

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 $1,384,000 and $2,010,000 at September 30, 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 September 30, 2025 and December 31, 2024 totaled $1,215,000 and $2,010,000, respectively. Loans secured by single family residential real estate that were in the process of foreclosure at September 30, 2025 and December 31, 2024 totaled $1,201,000 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 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 in a