Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 155

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 155
---
 18,889 16,167 35,056 Increase (decrease) in net interest income$(1,156)$726 $(430)$1,598 $1,079 $2,677 

Interest income includes interest income earned on earning assets as well as applicable loan fees earned. Interest income that would have been earned on nonaccrual loans had they been on accrual status is not included in the data reported above.

Provision for Loan Losses

For the year ended December 31, 2024, the Company provisioned $2.4 million to the allowance for loan losses compared to a provision of $2.3 million and $7.5 million for 2023 and 2022, respectively. The provision for loan losses during 2024 reflected our assessment of the change in expected losses due primarily to loan growth during the year.

Net charge-offs were $1.0 million for 2024, compared to net charge-offs of $103,000 and $694,000 for 2023 and 2022, respectively. Net loan charge-offs for 2024 were primarily attributable to originated commercial and industrial, consumer and construction and land loans. Charge-offs during 2023 were primarily attributable to an originated commercial and industrial loan and consumer loans.

Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations - Financial Condition - Allowance for Credit Losses" provides additional  information on the changes in the ALL and ACL.

35

Noninterest Income

The following table illustrates the primary components of noninterest income for the years indicated.

(dollars in thousands)202420232024 vs 2023Percent Increase (Decrease)20222023 vs 2022Percent Increase (Decrease)Noninterest income:Service fees and charges$5,118 $4,992 2.5 %$4,920 1.5 %Bank card fees6,525 7,051 (7.5)6,279 12.3 Gain on sale of loans, net470 816 (42.4)663 23.1 Income from bank-owned life insurance1,100 1,045 5.3 915 14.2 Loss on sale of securities, net— (249)(100.0)— — Gain (loss) on sale of assets, net33 (27)(222.2)26 (203.8)Other income1