Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 9

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 9
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 does not exceed fair value less estimated selling costs.

Investment Securities

The Company’s investment securities portfolio totaled $401.6 million as of March 31, 2025, a decrease of $2.2 million, or 0.6%, from December 31, 2024. During the first quarters of 2025 and 2024, the Company had no gains or losses related to the sale of available-for-sale investment securities. At March 31, 2025, the Company had a net unrealized loss on its available for sale investment securities portfolio of $34.0 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 3.7 years and 3.9 years at March 31, 2025 and December 31, 2024, respectively. 

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The following table summarizes activity in the Company’s investment securities portfolio during the three months ended March 31, 2025.

(dollars in thousands)Available for SaleHeld to MaturityBalance, December 31, 2024$402,792 $1,065 Purchases2,908 — Sales— — Principal maturities, prepayments and calls(12,105)— Amortization of premiums and accretion of discounts(54)— Increase in market value7,012 — Balance, March 31, 2025$400,553 $1,065 

Funding Sources

Deposits

Deposits totaled $2.8 billion at March 31, 2025, an increase of $46.5 million, or 1.7%, compared to December 31, 2024. The following table summarizes the changes in the Company’s deposits from December 31, 2024 to March 31, 2025.

(dollars in thousands)March 31, 2025December 31, 2024Increase/(Decrease)Demand deposit$754,955 $733,073 $21,882 3.0 %Savings212,053 210,977 1,076 0.5 Money market464,659 457,483 7,176 1.6 NOW641,287 645,246 (3,959)(0.6)Certificates of deposit