Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 45

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 45
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 $419 

68

Foreclosed Assets and OREForeclosed assets and ORE include real property and other assets that have been acquired as a result of foreclosure, and real property no longer used in the Bank's business. Foreclosed assets and ORE totaled $2,010,000 and $1,575,000 at December 31, 2024 and December 31, 2023, respectively. These amounts are recorded in accrued interest receivable and other assets on the Consolidated Statements of Financial Condition.The carrying amount of foreclosed residential real estate properties held at December 31, 2024 and December 31, 2023 totaled $2,010,000 and $115,000, respectively. Loans secured by one- to four-family residential real estate that were in the process of foreclosure at December 31, 2024 and December 31, 2023 totaled $4,472,000 and $517,000, respectively.

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 table below.(dollars in thousands)Payment DeferralPrincipal ForgivenessTerm ExtensionInterest Rate ReductionCombination Term Extension and Principal ForgivenessCombination Term Extension and Interest Rate ReductionPercent of Total Class of LoansDecember 31, 2024One-to four-family first mortgage$— $— $801 $— $— $— 0.2 %Home equity loans and lines— — — — — — — Commercial real estate— — 2,465 — — — 0.2 Construction and land— — 207 — — — 0.1 Multi-family residential— — — — — — — Commercial and industrial— — 1,106 — — —