Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 68

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 68
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52% for the second quarter of 2025, which was down 17 bps from the second quarter of 2024. For the six months ended June 30, 2025, the average rate paid on total interest-bearing deposits was 2.52%, down 8 bps from the six months ended June 30, 2024.

•Total interest expense for the second quarter of 2025 was down $787,000, or 4.9%, compared to the second quarter of 2024, primarily due to lower cost of borrowings. For the six months ended June 30, 2025, total interest expense was down $560,000, or 1.8%, from the comparable period in 2024.

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•Noninterest income for the second quarter of 2025 was down $39,000, or 1.0%, compared to the second quarter of 2024, primarily due to a decrease in other income (down $143,000), which was partially offset by an increase in service fees and charges (up $106,000). For the six months ended June 30, 2025, noninterest income was up $421,000, or 5.8%, from the comparable period in 2024 primarily due to an increase in gain on sale of loans (up $278,000) and service fees and charges (up $161,000), which were partially offset by a decrease in other income (down $46,000).

•Noninterest expense for the second quarter of 2025 was up $599,000, or 2.7%, compared to the second quarter of 2024, primarily due to an increase in other expenses (up $852,000), compensation and benefits (up $534,000), and foreclosed assets (up $330,000), which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,000) and professional services (down $185,000). For the six months ended June 30, 2025, noninterest expense was up $1.3 million, or 3.1%, from the comparable period in 2024 primarily due to an increase in compensation and benefits (up $1.0 million), other expenses (up $821,000) and foreclosed assets, net (up $492,000), which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $836,