Company: HBCP
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001436425-25-000012
Chunk: 60

Company: HOME BANCORP, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 60
---
 risk-based capital400,578 14.73 285,460 10.50 N/AN/ATier 1 leverage capital312,454 9.73 128,508 4.00 N/AN/ABank:Common equity Tier 1 capital$351,939 12.98 %$189,732 7.00 %$176,180 6.50 %Tier 1 risk-based capital351,939 12.98 230,389 8.50 216,837 8.00 Total risk-based capital385,822 14.23 284,599 10.50 271,046 10.00 Tier 1 leverage capital351,939 10.98 128,188 4.00 160,235 5.00 

18. Benefit Plans

401(k) and Profit Sharing PlanThe Company’s 401(k) defined contribution plan allows its participants to contribute up to 75% of their pretax earnings on a tax-deferred basis up to the statutory limit. The Company’s matching contributions are equal to 100% of the employee’s contributions up to 4%, plus 50% of the employee's contributions over 4% but not over 6% of the employee’s pay. For the years ended December 31, 2024, 2023 and 2022, the Company made contributions of $1,638,000, $1,610,000 and $1,255,000, respectively, in connection with the plan, which is included in compensation and benefits expense in the accompanying Consolidated Statements of Income.Employee Stock Ownership PlanIn 2008, the Company established an employee stock ownership plan (“ESOP”) for the benefit of all eligible employees of the Company. The leveraged ESOP is accounted for in accordance with the requirements of ASC 718, Compensation – Stock Compensation.Employees of the Bank who have been employed with 500 hours of service during a computation period and who have attained age 21 are eligible to participate in the ESOP. Contributions are being made to the ESOP in amounts necessary to amortize the debt to the Company over a period of 20 years.Under ASC 718, unearned ESOP shares are not considered outstanding and are shown as a reduction of shareholders’ equity as unearned compensation. Dividends on unallocated ESOP shares are considered to be compensation expense. The Company recognizes compensation cost equal to the