Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 50

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 50
---
, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings through other income.Fair Values of Derivative Instruments The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statement of Financial Condition as of March 31, 2025 and December 31, 2024. March 31, 2025Derivative Assets(1)Derivative Liabilities(1)(dollars in thousands)Notional AmountFair ValueNotional AmountFair ValueDerivatives designated as hedging instruments:Interest rate swaps - variable rate liabilities$80,000 $2,411 $— $— Derivatives not designated as hedging instruments:Interest rate contracts$9,000 $202 $9,000 $229 Risk participation agreements— — 11,487 1 Netting adjustments— — Net derivative amounts$2,613 $230 December 31, 2024Derivative Assets(1)Derivative Liabilities(1)(dollars in thousands)Notional AmountFair ValueNotional AmountFair ValueDerivatives designated as hedging instruments:Interest rate swaps - variable rate liabilities$80,000 $3,241 $— $— Derivatives not designated as hedging instruments:Interest rate contracts9,000 26 9,000 42 Risk participation agreements— — 11,550 — Netting adjustments— — Net derivative amounts$3,267 $42 (1)Derivative assets and liabilities are reported at fair value in accrued interest receivable and other assets and accrued interest payable and other liabilities, respectively, in the Consolidated Statements of Financial Condition. At March 31, 2025 and December 31, 2024, accumulated unrealized gains, net of taxes, on derivative instruments totaled $1,775,000 and $2,418,000, respectively.

23

Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income and the Consolidated Statements of IncomeThe tables below present the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income and the Consolidated Statements of Income as of March 31, 2025 and March 31, 2024.Three Months Ended March 31, 2025Amount of Loss Recognized in OCILocation of Gain Reclassified from AOCI into IncomeAmount of