Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 62

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 62
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 of 2024, primarily due to increases in compensation and benefits (up $482,000), foreclosed assets, net (up $162,000), data processing and communication (up $128,000), and occupancy (up $107,000), which were partially offset by decreases in professional services (down $70,000) and marketing and advertising (down $37,000).

31

FINANCIAL CONDITION

Loans, Allowance for Credit Losses and Asset Quality

Loans

Total loans at March 31, 2025 were $2.7 billion, up $29.1 million, or 1.1%, from December 31, 2024. 

The following table summarizes the composition of the Company’s loan portfolio as of the dates indicated.

(dollars in thousands)March 31, 2025December 31, 2024Increase/(Decrease)Real estate loans:One-to four-family first mortgage$504,356 $501,225 $3,131 0.6 %Home equity loans and lines77,417 79,097 (1,680)(2.1)Commercial real estate1,193,364 1,158,781 34,583 3.0 Construction and land346,987 352,263 (5,276)(1.5)Multi-family residential183,792 178,568 5,224 2.9 Total real estate loans2,305,916 2,269,934 35,982 1.6 %Other loans:Commercial and industrial411,363 418,627 (7,264)(1.7)Consumer29,998 29,624 374 1.3 Total other loans441,361 448,251 (6,890)(1.5)Total loans$2,747,277 $2,718,185 $29,092 1.1 %

Allowance for Credit Losses

The ACL which equals the sum of the ALL and the ACL on unfunded lending commitments, is established through provisions for credit losses. Management recalculates the ACL at least quarterly to reassess the estimate of credit losses for the total portfolio at the relevant reporting date. Under ASC Topic 326, the ACL is measured on a pool basis when similar risk characteristics exist. For each pool of loans, management also evaluates and applies qualitative adjustments to the calculated ACL based on several factors