Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 31

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 31
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 of investment securities. For the year ended December 31, 2022, the Company recorded no gross gains and losses recorded related to the sale of investment securities.As of December 31, 2024 and 2023, the Company had accrued interest receivable for investment securities of $1,471,000 and $1,563,000, respectively. These amounts are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition.

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As of December 31, 2024 and 2023, the Company had $134,887,000 and $127,172,000, respectively, of securities pledged to secure public deposits. At December 31, 2024 and 2023, the Company had securities in safekeeping with Federal Reserve with a collateral value of $0 and $103.4 million, respectively, to utilize under the Bank Term Funding Program ("BTFP") facility.

5. Loans

The Company’s loans, net of unearned income, consisted of the following as of December 31 of the years indicated.(dollars in thousands)20242023Real estate loans:One- to four-family first mortgage$501,225 $433,401 Home equity loans and lines79,097 68,977 Commercial real estate1,158,781 1,192,691 Construction and land352,263 340,724 Multi-family residential178,568 107,263 Total real estate loans2,269,934 2,143,056 Other loans:Commercial and industrial418,627 405,659 Consumer29,624 32,923 Total other loans448,251 438,582 Total loans$2,718,185 $2,581,638 The net discount on the Company’s acquired loans was $2,469,000 and $4,340,000 at December 31, 2024 and 2023, respectively. In addition, loan balances as of December 31, 2024 and 2023 are reported net of unearned income of $5,122,000 and $5,321,000, respectively. Unearned income at December 31, 2024 and December 31, 2023 included $16,000 and $60,000 of deferred lender fees related to PPP loans, respectively. The total recorded investment in PPP loans was $2,617,000 and  $5,532,