Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 137

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 137
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 equity loans and lines(22)— — (6)(575)Commercial real estate— (29)(270)(1,337)(5)Construction and land(123)— — — (688)Multi-family residential— — — — — Commercial and industrial(875)(255)(792)(599)(984)Consumer(265)(175)(256)(187)(250)Recoveries on charged off loans249 368 704 592 335 Ending balance - allowance for loan losses$32,916 $31,537 $29,299 $21,089 $32,963 Allowance for unfunded lending commitments:Beginning balance$2,594 $2,093 $1,815 $1,425 $— ASC 326 adoption impact— — — — 1,425 Provision for losses on unfunded commitments106 501 278 390 — Ending balance - allowance for unfunded commitments2,700 2,594 2,093 1,815 1,425 Total allowance for credit losses$35,616 $34,131 $31,392 $22,904 $34,388 

At December 31, 2024, the ALL totaled $32.9 million, or 1.21% of total loans, and the ACL, which includes the reserve for unfunded lending commitments, totaled $35.6 million, or 1.31% of total loans. For the year ended December 31, 2024, the Company provisioned $2.4 million of the allowance for loan losses compared to a provision of $2.3 million for the year ended December 31, 2023. The increase in the provision for loan losses during 2024 and 2023 primarily reflected our loan growth during the year. 

The following table presents the allocation of the allowance for loan losses as of December 31 for the years indicated.

25

December 31,20242023202220212020(dollars in thousands)Amount%LoansAmount%LoansAmount%LoansAmount%LoansAmount%LoansOne-to four-family first mortgage$4,430 18.4 %$3,255 16.8 %$2,883 16.0 %$1,944 19.1 %$3,065 20.0 %