Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 44

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 44
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2,548 (1)Nonaccrual acquired loans include PCD loans of $1,256,000 and $1,410,000 at December 31, 2024 and December 31, 2023, respectively.All interest accrued but not received for loans placed on nonaccrual status is reversed against interest income. All payments received while on nonaccrual status are applied against the principal balance of nonaccrual loans. The Company does not recognize interest income while loans are on nonaccrual status.As of December 31, 2024, the Company was not committed to lend additional funds to any customer whose loan was individually evaluated for impairment.

Collateral Dependent LoansThe Company held loans that were individually evaluated for credit losses at December 31, 2024 and 2023 for which the repayments, on the basis of our assessment at the reporting date, were expected to be provided substantially through the operation or sale of the collateral and the borrower was experiencing financial difficulty. The ACL for these collateral-dependent loans is primarily based on the fair value of the underlying collateral at the reporting date. The following describes the types of collateral that secure collateral dependent loans:•One- to four-family first mortgages are primarily secured by first liens on residential real estate.•Home equity loans and lines are primarily secured by first and junior liens on residential real estate.•Commercial real estate loans are primarily secured by office and industrial buildings, warehouses, retail shopping facilities and various special purpose properties, including hotels and restaurants.•Construction and land loans are primarily secured by residential and commercial properties, which are under construction and/or redevelopment, and by raw land.•Commercial and industrial loans considered collateral dependent are primarily secured by accounts receivable, inventory and equipment.The table below summarizes collateral dependent loans and the related ACL as of the periods indicated  for which the borrower was experiencing financial difficulty.December 31, 2024December 31, 2023(dollars in thousands)LoansACLLoansACL       One- to four-family first mortgage$— $— $— $— Home equity loans and lines— — — — Commercial real estate4,718 200 3,957 201 Construction and land— — 147 123 Multi-family residential— — — — Commercial and industrial254 248 112 95 Consumer— — — — Total$4,972 $448 $4,216