Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 134

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 134
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 officers, although they may be received by a branch office initially and then referred to a loan officer. All loan applications are processed and underwritten centrally at the Bank’s main office.

Total loans in portfolio (which does not include mortgage loans held for sale) increased $136.5 million, or 5.3%, from December 31, 2023 to $2.7 billion at December 31, 2024. At December 31, 2024, the total recorded net investment in PPP loans was $2.6 million, which is included in commercial and industrial loans. The recorded investment in PPP loans is net of $16,000 in deferred lender fees, which will be amortized into interest income over the life of the loans. Excluding PPP loans, total loans increased by $139.5 million, or 5.4% for the year ended December 31, 2024.

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The following table summarizes the composition of the Company’s loan portfolio as of the dates indicated.

December 31,(dollars in thousands)20242023202220212020Real estate loans:One- to four-family first mortgage$501,225 $433,401 $389,616 $350,843 $395,638 Home equity loans and lines79,097 68,977 61,863 60,312 67,700 Commercial real estate1,158,781 1,192,691 1,152,537 801,624 750,623 Construction and land352,263 340,724 313,175 259,652 221,823 Multi-family residential178,568 107,263 100,588 90,518 87,332 Total real estate loans2,269,934 2,143,056 2,017,779 1,562,949 1,523,116 Other loans:Commercial and industrial418,627 405,659 377,894 244,123 417,926 Consumer29,624 32,923 35,077 33,021 38,912 Total other loans448,251 438,582 412,971 277,144 456,838 Total loans$2,718,185 $2,581,638 $2,430,750 $1,840,093 $1,979,954 

The following table reflects contractual loan maturities