Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 56

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 56
---
 recorded at fair value less estimated costs to sell. ORE is recorded at the lower of its net book value or fair value at the date of transfer to ORE. The fair value of foreclosed assets and ORE is based on property appraisals and an analysis of similar properties available. As such, the Company classifies foreclosed and ORE assets as Level 3 assets.

27

The Company has segregated all financial assets that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date as reflected in the table below.  Fair Value Measurements Using(dollars in thousands)March 31, 2025Level 1Level 2Level 3AssetsLoans individually evaluated$2,194 $— $— $2,194 Foreclosed assets and ORE2,424 — — 2,424 Total$4,618 $— $— $4,618   Fair Value Measurements Using(dollars in thousands)December 31, 2024Level 1Level 2Level 3AssetsLoans individually evaluated$4,524 $— $— $4,524 Foreclosed assets and ORE2,010 — — 2,010 Total$6,534 $— $— $6,534 The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets.(dollars in thousands)Fair ValueValuation TechniqueUnobservable InputsRange of DiscountsWeighted Average DiscountMarch 31, 2025Loans individually evaluated$2,194 Third party appraisals and discounted cash flowsCollateral values, market discounts and estimated costs to sell16% - 100%29%Foreclosed assets and ORE$2,424 Third party appraisals, sales contracts, broker price opinionsCollateral values, market discounts and estimated costs to sell6% - 99%11%(dollars in thousands)Fair ValueValuation TechniqueUnobservable InputsRange ofDiscountsWeighted Average DiscountDecember 31, 2024Loans individually evaluated$4,524 Third party appraisals and discounted cash flowsCollateral values, market discounts and estimated costs to sell0% - 100%9%Foreclosed assets and