Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 136

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 136
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 88,029 119,389 274,107 Construction and land84,268 33,344 34,432 152,044 Multi-family residential10,393 2,293 7,029 19,715 Commercial and industrial81,324 38,036 231 119,591 

24

Amounts as of December 31, 2024 which mature in:(dollars in thousands)One year orlessAfter one but within five yearsAfter five but within fifteen yearsAfter fifteen yearsTotalConsumer3,012 617 204 3,833 Total$282,851 $192,983 $375,134 $850,968 

Allowance for Credit Losses 

Effective January 1, 2020, the Company adopted the guidance under ASC 326, Financial Instruments — Credit Losses, which introduced a new model known as CECL. For reporting periods beginning on and after January 1, 2020 and the adoption of ASC 326, the ACL is maintained at level that reflects expected losses for the full life of the financial assets. Prior to January 1, 2020 and the adoption of ASC 326, the ALL was maintained at an amount which management determined covered reasonably estimable and probable losses. The adoption impact of the change in accounting principle is reflected in the table below as an increase to the beginning balance in 2020. Management recalculates the ACL at least quarterly to reassess the estimate of credit losses for the total portfolio at the relevant reporting date. For more information on the adoption of ASC 326 and the Company's relevant accounting policies, refer to Note 2 of the Consolidated Financial Statements. 

The following table presents the activity in the allowance for credit losses for the years indicated.

For the Years Ended December 31,(dollars in thousands)20242023202220212020Allowance for loan losses:Beginning balance$31,537 $29,299 $21,089 $32,963 $17,868 ASC 326 adoption impact— — — — 4,633 Provision for acquired PCD loans— — 1,415 — — Provision for loan losses2,415 2,341 7,489 (10,161)12,728 Loans charged off:One- to four-family first mortgage— (12)(80)(176)(99)Home