Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 55

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 55
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 2023.(dollars in thousands)Location of Gain Reclassified from AOCI into IncomeFor the Year Ended December 31, 2024Effects of cash flow hedgingInterest rate swaps - variable rate liabilitiesInterest income$2,416 (dollars in thousands)Location of Gain Reclassified from AOCI into IncomeFor the Year Ended December 31, 2023Effects of cash flow hedgingInterest rate swaps - variable rate liabilitiesInterest income$2,185 Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of IncomeThe table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the Consolidated Statements of Income as of December 31, 2024 and 2023.(dollars in thousands)Location of Loss Recognized on Non-designated HedgesFor the Year Ended December 31, 2024Effects of non-designated hedgesInterest rate contractsOther noninterest  income$8 Risk participation agreementsOther noninterest expense$(22)(dollars in thousands)Location of Income Recognized on Non-designated HedgesFor the Year Ended December 31, 2023Effects of non-designated hedgesInterest rate contractsOther noninterest expense$— Risk participation agreementsOther noninterest  income$5 Derivative fee income from non-designated hedges totaled $175,000  and $0 for the twelve months ended December 31, 2024 and December 31, 2023, respectively. Credit-risk-related Contingent Features The Company has agreements with each of its derivative counterparties that contain a provision to the effect that, if the Company (either) defaults (or is capable of being declared in default) on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. 

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The Company has agreements with certain of its derivative counterparties that contain a provision to the effect that, if the Company fails to maintain its status as a well or adequately capitalized institution, then the Company could be required to post additional collateral.As of December 31, 2024, there were no derivatives with credit-risk-related contingent features in a net liability position. Such derivatives are measured at fair value, which includes accrued interest but excludes any adjustment for nonperformance risk. If the Company had breached any provisions at December 31, 2024, it would not have been required to settle any obligations under