Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 61

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 61
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2 of the fair value hierarchy. The following tables present the balances of assets measured for fair value on a recurring basis as of June 30, 2025 and December 31, 2024.(dollars in thousands)June 30, 2025Level 1Level 2Level 3AssetsAvailable for sale securities:U.S. agency mortgage-backed$258,925 $— $258,925 $— Collateralized mortgage obligations66,615 — 66,615 — Municipal bonds46,942 — 46,942 — U.S. government agency16,338 — 16,338 — Corporate bonds4,642 — 4,642 — Total$393,462 $— $393,462 $— Derivative assets$2,160 $— $2,160 $— Total$395,622 $— $395,622 $— LiabilitiesDerivative liabilities$311 $— $311 $— 

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(dollars in thousands)December 31, 2024Level 1Level 2Level 3AssetsAvailable for sale securities:U.S. agency mortgage-backed$261,873 $— $261,873 $— Collateralized mortgage obligations71,389 — 71,389 — Municipal bonds45,829 — 45,829 — U.S. government agency17,128 — 17,128 — Corporate bonds6,573 — 6,573 — Total$402,792 $— $402,792 $— Derivative assets$3,267 $— $3,267 $— Total$406,059 $— $406,059 $— LiabilitiesDerivative liabilities$42 $— $42 $— Nonrecurring BasisThe Company records loans individually evaluated for credit losses at fair value on a nonrecurring basis. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Loans individually evaluated are classified as Level 3 assets when measured using appraisals from third parties of the collateral less any prior liens and when there is no observable market price