Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 51

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 51
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 Gain Reclassified from AOCI into Income(dollars in thousands)TotalIncluded ComponentTotalIncluded ComponentDerivatives in cash flows hedging relationships:Interest rate swaps - variable rate liabilities$(307)$(307)Interest income$507 $507 Three Months Ended March 31, 2024Amount of Gain Recognized in OCILocation of Gain Reclassified from AOCI into IncomeAmount of Gain Reclassified from AOCI into Income(dollars in thousands)TotalIncluded ComponentTotalIncluded ComponentDerivatives in cash flows hedging relationships:Interest rate swaps - variable rate liabilities$1,084 $1,084 Interest income$606 $606 Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of IncomeThe table below presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the Consolidated Statements of Income as of March 31, 2025 and March 31, 2024.(dollars in thousands)Location of Loss Recognized on Non-designated Hedges Three Months Ended March 31, 2025Effects of non-designated hedgesInterest rate contractsOther noninterest expense$(11)Risk participation agreementsOther noninterest expense$— (dollars in thousands)Location of Income Recognized on Non-designated Hedges Three Months Ended March 31, 2024Effects of non-designated hedgesRisk participation agreementsOther noninterest income$2 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. 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.

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As of March 31, 2025, 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 March 31, 2025, it would not have been required to settle any obligations under the agreements since the termination value was $0.

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