Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 33

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 33
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 investment securities was $1,222,000 and $1,471,000 at March 31, 2025 and December 31, 2024, respectively. These amounts are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition.At March 31, 2025 and December 31, 2024, the Company had $142,011,000 and $134,887,000, respectively, of securities pledged to secure public deposits.

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4. Earnings Per Share

Earnings per common share was computed based on the following:Three Months EndedMarch 31,(in thousands, except per share data)20252024Numerator:Net income available to common shareholders$10,964 $9,199 Denominator:Weighted average common shares outstanding7,949 7,984 Effect of dilutive securities:Restricted stock48 31 Stock options30 24 Weighted average common shares outstanding – assuming dilution8,027 8,039 Basic earnings per common share$1.38 $1.15 Diluted earnings per common share$1.37 $1.14 Options for 1,668 and 58,392 shares of common stock were not included in the computation of diluted EPS for the three months ended March 31, 2025 and 2024, respectively, because the effect of those shares was anti-dilutive.

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5. Credit Quality and Allowance for Credit Losses

The Company’s loans, net of unearned income, consisted of the following as of the dates indicated.(dollars in thousands)March 31, 2025December 31, 2024Real estate loans:One- to four-family first mortgage$504,356 $501,225 Home equity loans and lines77,417 79,097 Commercial real estate1,193,364 1,158,781 Construction and land346,987 352,263 Multi-family residential183,792 178,568 Total real estate loans2,305,916 2,269,934 Other loans:Commercial and industrial411,363 418,627 Consumer29,998 29,624 Total other loans441,361 448,251 Total loans$2,747,277 $2,718,185 The net discount on the Company’s acquired loans was $2,116,000 and $2,469