Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 26

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 26
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 will be removed from the Codification and will not become effective for any entity. Early adoption is prohibited. We do not expect this update to have a material impact on our consolidated financial statements.ASU No. 2023-09, "Improvements to Income Tax Disclosures" ("ASU 2023-09") is intended to enhance the transparency and decision usefulness of income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. This update is effective for annual periods beginning after December 15, 2024, though early adoption is permitted. We do not expect this update to have a material effect on our consolidated financial statements.ASU 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures" (ASU 2024-03") requires the disaggregation of certain expenses in the notes to the financial statements, to provide enhanced transparency into the expense captions presented on the face of the income statement. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 31, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this ASU may be applied either prospectively or retrospectively. The Company is currently evaluating the impact that this update will have on its disclosures in the consolidated financial statements.

3. Acquisition Activity

57

The Company has completed six acquisitions since 2010. The following table is a summary of the Company's acquisition activity as recorded:SUMMARY OF ACQUISITION ACTIVITY(dollars in thousands)AcquisitionAcquisition DateTotal AssetsTotal LoansGoodwillCore Deposit IntangibleTotal DepositsStatewide Bank3/12/2010$188,026 $110,415 $560 $1,429 $206,925 GS Financial Corporation7/15/2011256,677 182,440 296 859 193,518 Britton & Koontz Capital Corporation2/14/2014298,930 161,581 43 3,030 216,600 Louisiana Bancorp, Inc.9/15/2015352,897 281,583 8,454 1,586 208,670 St. Martin Bancshares, Inc.12/6/2017592,852 439,872 49,135 6,766 533,497 Friendswood Capital Corporation3/26/202241