Company: HBCP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-048166
Chunk: 7

Company: HOME BANCORP, INC.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 2
Chunk 7
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 “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions and values, “highly questionable and improbable.” Assets classified as “loss” are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted.

At September 30, 2025 and December 31, 2024, loans classified as substandard totaled $57.6 million and $35.8 million, respectively. There were no assets classified as doubtful at either date. For additional information, refer to Note 5 to the Consolidated Financial Statements. 

The following tables provide a summary of loans classified as special mention and substandard as of the dates indicated.

(dollars in thousands)September 30, 2025December 31, 2024Increase/(Decrease)Special Mention LoansOne- to four-family first mortgage$— $823 $(823)(100.0)%Home equity loans and lines— — — — Commercial real estate3,067 — 3,067 100.0 Construction and land892 — 892 100.0 Multi-family residential— — — — Commercial and industrial— — — — Consumer— — — — Total special mention loans$3,959 $823 $3,136 381.0 %

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(dollars in thousands)September 30, 2025December 31, 2024Increase/(Decrease)Substandard LoansOne- to four-family first mortgage$6,863 $7,034 $(171)(2.4)%Home equity loans and lines1,008 279 729 261.3 Commercial real estate31,575 18,541 13,034 70.3 Construction and land9,847 5,224 4,623 88.5