Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 143

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 143
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 that meet the objectives set forth in the policy statement. Due to the adoption of ASC 326 on January 1, 2020, management maintains, based on current and forecasted information, an ACL that reflects a current estimate of expected credit losses for the estimated life of the loan portfolio at reporting periods subsequent to the adoption date. For reporting periods prior to January 1, 2020, management maintained an ALL at a level which reflected losses that were probable and reasonably estimable at the relevant reporting date. For all reporting periods, actual losses are uncertain and dependent upon future events and, as such, further additions to the level of ACL may become necessary.

The following table sets forth the composition of the Company’s total nonperforming assets and troubled debt restructurings as of the dates indicated.

December 31,(dollars in thousands)20242023202220212020Nonaccrual loans:Real estate loans:One- to four-family first mortgage$7,039 $1,600 $2,300 $3,575 $3,838 Home equity loans and lines279 208 34 38 63 Commercial real estate3,304 5,203 6,945 8,431 12,298 Construction and land1,622 1,181 315 258 469 Multi-family residential— — — — — Other loans:Commercial and industrial1,311 331 378 763 1,717 Consumer27 291 541 204 292 Total nonaccrual loans13,582 8,814 10,513 13,269 18,677 Accruing loans 90 days or more past due16 — 2 6 2 Total nonperforming loans 13,598 8,814 10,515 13,275 18,679 Foreclosed assets and ORE2,010 1,575 461 1,189 1,302 Total nonperforming assets15,608 10,389 10,976 14,464 19,981 Performing troubled debt restructurings(1)— — 6,205 4,963 2,085 Total nonperforming assets and troubled debt restructurings$15,608 $10,389 $17,181 $19,427 $22,066 Nonperforming loans to