Company: HBCP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001436425-25-000036
Chunk: 72

Company: HOME BANCORP, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 72
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-family first mortgage$— $— — %Home equity loans and lines— — — Commercial real estate4,718 200 4.24 Construction and land— — — Multi-family residential— — — Commercial and industrial254 248 97.64 Consumer— — — Total$4,972 $448 9.01 %

Federal regulations and our policies require that we utilize an internal asset classification system as a means of reporting problem and potential problem assets. We have incorporated an internal asset classification system, substantially consistent with Federal banking regulations, as a part of our credit monitoring system. Federal banking regulations set forth a classification scheme for problem and potential problem assets as “substandard,” “doubtful” or “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions and values, “highly questionable and improbable.” Assets classified as “loss” are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted.

At June 30, 2025 and December 31, 2024, loans classified as substandard totaled $49.8 million and $35.8 million, respectively. There were no assets classified as doubtful at either date. For additional information, refer to Note 5 to the Consolidated Financial Statements. 

The following tables provide a summary of loans classified as special mention and substandard as of the dates indicated.

(dollars in thousands)June 30, 2025December 31, 2024Increase/(Decrease)Special Mention LoansOne- to four-family first mortgage$— $823 $(823)(100.0)%Home equity loans and lines— — — — Commercial real estate1,063 — 1,063 100.0 Construction and land749 — 749 100.0 Multi-family residential