Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 67

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 67
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30, 2025, up $46.4 million, or 1.7%, from December 31, 2024. 

•During the three and six months ended June 30, 2025, the Company provisioned $489,000 and $883,000, respectively, to the allowance for loan losses, primarily due to loan growth. During the three and six months ended June 30, 2024, the Company provisioned $1.3 million and $1.4 million, respectively, to the allowance for loan losses. 

•The ALL totaled $33.4 million, or 1.21% of total loans, at June 30, 2025 compared to $32.9 million, or 1.21% of total loans, at December 31, 2024. The ACL, which is comprised of the allowance for loan losses plus the allowance for unfunded lending commitments, totaled $35.2 million, or 1.27% of total loans, at June 30, 2025 compared to $35.6 million, or 1.31% of total loans, at December 31, 2024.

•Nonperforming assets increased $9.8 million, or 62.9%, from $15.6 million, or 0.45% of total assets, at December 31, 2024 to $25.4 million, or 0.73% of total assets, at June 30, 2025. The increase in nonperforming assets was primarily due to three loan relationships classified as substandard in 2024 and moved to nonaccrual status during the 2025 period, and three loan relationships that were downgraded to substandard and moved to nonaccrual status during the 2025 period.

•Total deposits amounted to $2.9 billion at June 30, 2025, an increase of $127.5 million, or 4.6%, from December 31, 2024. 

•The net interest margin was 4.04% and 3.98% for the three and six months ended June 30, 2025, respectively, up 38 bps and 33 bps from the three and six months ended June 30, 2024, respectively. The increases were primarily due to higher yields on interest-earning assets and lower funding cost.

•The average rate paid on total interest-bearing deposits was 2.