Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 6

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 6
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” valuation for collateral property if a loan is in a criticized loan classification. Loans individually evaluated for credit losses are reported to the Board of Directors monthly. 

At June 30, 2025 and December 31, 2024, loans identified as credit deteriorated loans and individually evaluated for expected losses were $3.7 million and $5.0 million, respectively. The following tables provide a summary of loans individually evaluated for credit losses as of the dates indicated.

  June 30, 2025(dollars in thousands)Recorded investmentAllowance for Loan LossesAllowance to Total LoansLoans Individually EvaluatedOne- to four-family first mortgage$— $— — %Home equity loans and lines817 94 11.51 Commercial real estate2,260 433 19.16 Construction and land— — — Multi-family residential— — — Commercial and industrial624 363 58.17 Consumer— — — Total$3,701 $890 24.05 %

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December 31, 2024(dollars in thousands)Recorded investmentAllowance for Loan LossesAllowance to Total LoansLoans Individually EvaluatedOne- to four-family first mortgage$— $— — %Home equity loans and lines— — — Commercial real estate4,718 200 4.24 Construction and land— — — Multi-family residential— — — Commercial and industrial254 248 97.64 Consumer— — — Total$4,972 $448 9.01 %

Federal regulations and our policies require that we utilize an internal asset classification system as a means of reporting problem and potential problem assets. We have incorporated an internal asset classification system, substantially consistent with Federal banking regulations, as a part of our credit monitoring system. Federal banking regulations set forth a classification scheme for problem and potential problem assets as “substandard,” “doubtful” or “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have