Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 46

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 46
---
 secure collateral dependent loans:

19

•One- to four-family first mortgages are primarily secured by first liens on residential real estate.•Home equity loans and lines are primarily secured by first and junior liens on residential real estate.•Commercial real estate loans are primarily secured by office and industrial buildings, warehouses, retail shopping facilities and various special purpose properties, including hotels and restaurants.•Construction and land loans are primarily secured by residential and commercial properties, which are under construction and/or redevelopment, and by raw land.•Commercial and industrial loans considered collateral dependent are primarily secured by accounts receivable, inventory and equipment.The tables below summarize collateral dependent loans and the related ACL at March 31, 2025 and December 31, 2024.March 31, 2025(dollars in thousands)LoansACLOne- to four-family first mortgage$— $— Home equity loans and lines— — Commercial real estate2,313 439 Construction and land— — Multi-family residential— — Commercial and industrial646 326 Consumer141 141 Total$3,100 $906 December 31, 2024(dollars in thousands)LoansACLOne- to four-family first mortgage$— $— Home equity loans and lines— — Commercial real estate4,718 200 Construction and land— — Multi-family residential— — Commercial and industrial254 248 Consumer— — Total$4,972 $448 

Loan Modifications Made to Borrowers Experiencing Financial DifficultyOccasionally, the Company modifies loans to borrowers in financial distress by providing certain concessions, such as principal forgiveness, term extension, an other-than-insignificant payment delay, interest only for a specified period of time, an interest rate reduction, or a combination of such concessions. When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is charged-off. The balance of loan modifications, segregated by type of modification, to borrowers experiencing financial difficulty are set forth in the tables below for the periods indicated.

20

Three Months Ended March 31, 2025(dollars in thousands)Payment DeferralPrincipal ForgivenessTerm ExtensionInterest Rate ReductionCombination Term Extension and Principal ForgivenessCombination Term Extension and Interest Rate ReductionPercent