Company: HBCP
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001436425-25-000018
Chunk: 32

Company: HOME BANCORP, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 32
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 YearOver 1 YearTotalDecember 31, 2024Fair ValueUnrealized LossesFair ValueUnrealized LossesFair ValueUnrealized LossesAvailable for sale:U.S. agency mortgage-backed$16,024 $336 $240,693 $29,187 $256,717 $29,523 Collateralized mortgage obligations— — 71,342 2,543 71,342 2,543 Municipal bonds1,435 14 43,893 7,616 45,328 7,630 U.S. government agency— — 17,128 951 17,128 951 Corporate bonds— — 6,573 412 6,573 412 Total available for sale$17,459 $350 $379,629 $40,709 $397,088 $41,059 At March 31, 2025, 240 of the Company’s debt securities had unrealized losses totaling 8.1% of the individual securities’ amortized cost basis and 7.8% of the Company’s total amortized cost basis of the investment securities portfolio. At such date, 229 of the 240 securities had been in a continuous loss position for over 12 months. Management has determined that the declines in the fair value of these securities were not attributable to credit losses. As a result, no ACL was recorded for available for sale investment securities at March 31, 2025.At March 31, 2025, it was determined that no ACL was required for the Company's held-to-maturity investment securities. The Company monitors credit quality of debt securities held-to-maturity through the use of credit ratings. The following tables present the amortized cost of the Company's held-to-maturity securities by credit quality rating at March 31, 2025 and December 31, 2024.Credit Ratings(dollars in thousands)AAA/AA/ABBB/BB/BTotalMarch 31, 2025Held to maturity:Municipal bonds$1,065 $— $1,065 Credit Ratings(dollars in thousands)AAA/AA/ABBB/BB/BTotalDecember 31, 2024Held to maturity:Municipal bonds$1,065 $— $1,065 Accrued interest receivable on the Company's