Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 75

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 75
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.2 million and $1.3 million at June 30, 2025 and December 31, 2024, respectively.

Foreclosed assets and ORE includes 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 are classified as such until sold or disposed. Foreclosed assets are recorded at fair value less estimated selling costs based on third party property valuations which are obtained at the time the asset is repossessed and periodically until the property is liquidated. ORE is recorded at the lower of its net book value or fair value at the date of transfer to ORE. Foreclosed assets and ORE holding costs are charged to expense. Gains and losses on the sale of foreclosed assets and ORE are charged to operations, as incurred. Costs associated with acquiring and improving a foreclosed property or ORE are capitalized to the extent that the carrying value does not exceed fair value less estimated selling costs.

Investment Securities

The Company’s investment securities portfolio totaled $394.5 million as of June 30, 2025, a decrease of $9.3 million, or 2.3%, from December 31, 2024. During the second quarters of 2025 and 2024, the Company had no gains or losses related to the sale of available-for-sale investment securities. At June 30, 2025, the Company had a net unrealized loss on its available for sale investment securities portfolio of $30.2 million, compared to a net unrealized loss of $41.0 million at December 31, 2024. The Company’s investment securities portfolio had an effective duration of 3.6 years and 3.9 years at June 30, 2025 and December 31, 2024, respectively. 

The following table summarizes activity in the Company’s investment securities portfolio during the six months ended June 30, 2025.

(dollars in thousands)Available for SaleHeld to MaturityBalance, December 31, 2024$402,792 $1,065 Purchases7,392 — Sales— — Principal maturities, prepayments and calls(27,433)— Amortization of premiums and accretion of discounts(111)— Increase in market value10,822 — Balance, June 30, 2025