Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 72

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 72
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 can have a significant effect on fair value estimates and have not been considered in the estimates.The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:•The carrying value of cash and cash equivalents and interest-bearing deposits in banks approximate their fair value.•The fair value for investment securities is determined from quoted market prices when available. If a quoted market price is not available, fair value is estimated using third party pricing services or quoted market prices of securities with similar characteristics.•The carrying value of mortgage loans held for sale approximates their fair value.•The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturity.•The cash surrender value of BOLI approximates its fair value.•The fair value of customer deposits, excluding certificates of deposit, is the amount payable on demand. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.•The fair value of subordinated debt is estimated based on current market rates on similar debt in the market.•The fair value of other borrowings and FHLB advances is estimated by discounting the future cash flows using the rates currently offered for borrowings of similar maturities.•The fair value of derivative assets and liabilities are obtained from a third-party pricing service that uses the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts).The fair value of off-balance sheet financial instruments as of December 31, 2024 and 2023 was immaterial.Fair Value Measurements at December 31, 2024(dollars in thousands)Carrying AmountTotalLevel 1Level 2Level 3Financial AssetsCash and cash equivalents$98,548 $98,548 $98,548 $— $— Investment securities available for sale402,792 402,792 — 402,792 — Investment securities held to maturity1,065 1,065 — 1,065 — Mortgage loans held for sale832 832 — 832 — Loans, net2,685,269 2,617,254 — 2,612,730 4,524 Cash