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Home Bancorp Announces 2012 Third Quarter Results



              Home Bancorp Announces 2012 Third Quarter Results

PR Newswire

LAFAYETTE, La., Oct. 23, 2012

LAFAYETTE, La., Oct. 23, 2012 /PRNewswire/ -- Home Bancorp, Inc. (Nasdaq:
"HBCP") (the "Company"), the parent company for Home Bank
(www.home24bank.com), a Federally chartered savings bank headquartered in
Lafayette, Louisiana (the "Bank"), announced net income of $3.1 million for
the third quarter of 2012, an increase of $1.3 million, or 74%, compared to
the second quarter of 2012 and an increase of $2.1 million, or 231%, compared
to the third quarter of 2011.  Third quarter 2011 results include $1.4 million
of pre-tax expenses related to the acquisition of GS Financial Corp.
("GSFC").  Excluding those merger-related expenses, net income for the third
quarter of 2012 increased $1.2 million, or 62%, compared to the third quarter
of 2011.  Diluted earnings per share were $0.42 for the third quarter of 2012,
an increase of $0.18, or 75%, compared to the second quarter of 2012 and an
increase of $0.29, or 223%, compared to the third quarter of 2011.  Excluding
third quarter 2011 merger-related expenses, diluted earnings per share for the
third quarter of 2012 increased $0.16, or 62%, compared to the third quarter
of 2011.

"The extended period of low interest rates, the lack of confidence in the
national economy and the uncertainty of the upcoming elections make for a
challenging environment," stated John W. Bordelon, President and Chief
Executive Officer of the Company and the Bank.  "Despite these challenges, we
will remain true to our conservative risk management philosophies."

"Our bankers continue to do an outstanding job working with our customers to
ensure Home Bank adds value to their businesses," added Mr. Bordelon.

Loans and Credit Quality

Loans totaled $670.7 million at September 30, 2012, a decrease of $9.1
million, or 1%, from June 30, 2012, and an increase of $17.0 million, or 3%,
from September 30, 2011.  The decrease in loans during the third quarter
related primarily to commercial and industrial (down $7.2 million) and
construction and land loans (down $2.7 million) as a result of maturities and
paydowns.   

The following table sets forth the composition of the Company's loan portfolio
(including loans covered by loss sharing agreements) as of the dates
indicated. 

                          September 30,   December 31,   Increase/(Decrease)
(dollars in thousands)    2012            2011           Amount     Percent
Real estate loans:
     One- to
four-family first       $ 174,694       $ 182,817      $ (8,123)    (4)      %
mortgage
     Home equity loans    39,785          43,665         (3,880)    (9)
and lines
     Commercial real      268,672         226,999        41,673     18
estate
     Construction and     63,320          78,994         (15,674)   (20)
land
     Multi-family         19,729          20,125         (396)      (2)
residential
        Total real        566,200         552,600        13,600     2
estate loans
Other loans:
     Commercial and       70,770          82,980         (12,210)   (15)
industrial
     Consumer             33,688          30,791         2,897      9
        Total other       104,458         113,771        (9,313)    (8)
loans
        Total loans     $ 670,658       $ 666,371      $ 4,287      1        %

 

Nonperforming assets ("NPAs"), which includes $12.2 million in assets covered
under loss sharing agreements with the FDIC ("Covered Assets") and $11.2
million acquired from GSFC, totaled $30.2 million at September 30, 2012, a
decrease of $137,000 compared to June 30, 2012 and an increase of $2.1 million
compared to September 30, 2011.  The ratio of total NPAs to total assets was
3.10% at September 30, 2012, compared to 3.06% at June 30, 2012 and 2.88% at
September 30, 2011.  Excluding acquired assets, the ratio of NPAs was 0.86% at
September 30, 2012, compared to 0.90% at June 30, 2012 and 0.27% at September
30, 2011. 

The Company recorded net loan charge-offs of $464,000 during the third quarter
of 2012, compared to net loan charge-offs of $1.7 million and $53,000 in the
second quarter of 2012 and third quarter of 2011, respectively.  Net
charge-offs for the third quarter of 2012 resulted primarily from an
additional write down of $385,000 on a $5.4 million CRE loan which was
originally written down in the second quarter of 2012.  The collateral
underlying the original loan was transferred into repossessed assets during
the third quarter of 2012.  The Company's provision for loan losses for the
third quarter of 2012 was $56,000, compared to $1.2 million for the second
quarter of 2012 and $526,000 for the third quarter of 2011. 

Excluding acquired loans, the ratio of allowance for loan losses to total
loans was 1.01% at September 30, 2012, compared to 1.05% at June 30, 2012 and
1.09% at September 30, 2011.   Including acquired loans, the ratio of
allowance for loan losses to total loans was 0.73% at September 30, 2012,
compared to 0.78% and 0.69% at June 30, 2012 and September 30, 2011,
respectively.        

Investment Securities Portfolio

The Company's investment securities portfolio totaled $155.1 million at
September 30, 2012, a decrease of $85,000, or 0.1%, from June 30, 2012, and a
decrease of $14.4 million, or 9%, from September 30, 2011.  At September 30,
2012, the Company had a net unrealized gain position on its investment
securities portfolio of $5.2 million, compared to net unrealized gains of $4.1
million and $2.5 million at June 30, 2012 and September 30, 2011,
respectively.  At September 30, 2012, the investment securities portfolio had
a modified duration of 3.7 years.

During the third quarter of 2012, the Company sold one security with an
aggregate book value of $2.4 million and realized a gain of $163,000 on the
transaction. 

Deposits

Core deposits (i.e., checking, savings and money market accounts) increased
for the thirteenth consecutive quarter, growing $18.0 million, or 4%, during
the third quarter of 2012.  Total deposits were $784.9 million at September
30, 2012, an increase of $5.7 million, or 1%, from June 30, 2012, and an
increase of $65.5 million, or 9%, from September 30, 2011.       

The following table sets forth the composition of the Company's deposits at
the dates indicated.

                        September 30,   December 31,   Increase / (Decrease)
(dollars in             2012            2011           Amount      Percent
thousands)
Demand deposit        $ 161,119       $ 127,828      $ 33,291      26        %
Savings                 48,432          43,671         4,761       11
Money market            194,125         180,790        13,335      7
NOW                     117,435         93,679         23,756      25
Certificates of         263,831         284,766        (20,935)    (7)
deposit
        Total         $ 784,942       $ 730,734      $ 54,208      7         %
deposits

Share Repurchases

The Company purchased 162,629 shares of its common stock during the third
quarter of 2012 at an average price per share of $17.10 under the share
repurchase plan announced in July 2012.  The Company may repurchase up to
383,598 shares, or approximately 5%, of the Company's outstanding common stock
under the July 2012 plan; hence, an additional 220,969 shares remain eligible
for purchase under the plan.  The tangible book value per share of the
Company's common stock was $18.35 at September 30, 2012.     

Net Interest Income

Net interest income for the third quarter of 2012 totaled $10.9 million, an
increase of $948,000, or 10%, compared to the second quarter of 2012, and an
increase of $1.5 million, or 16%, compared to the third quarter of 2011.  The
Company's net interest margin was 4.94% for the third quarter of 2012, 30
basis points higher than the second quarter of 2012 and 40 basis points higher
than the third quarter of 2011.  The increase in the net interest margin
related primarily to an increase in the yield earned on loans covered under
loss sharing agreements with the FDIC ("Covered Loans").  In accordance with
ASC 310, Receivables, the Company evaluates the expected cash flows of
acquired loans throughout the year.  As a result of improved cash flow
expectations related to Covered Loans, the Company adjusted the accretable
yield recognized on Covered Loans during the quarter.  Excluding such
adjustments, the yield on loans receivable would have been 6.25% and the net
interest margin would have been 4.70% during the third quarter of 2012. 

The following table sets forth the Company's average volume and rate of its
interest-earning assets and interest-bearing liabilities for the periods
indicated.

                   For the Three Months Ended
                   September 30, 2012     June 30, 2012          September 30, 2011
(dollars in        Average Average        Average Average        Average Average
thousands)         Balance Yield/Rate     Balance Yield/Rate     Balance Yield/Rate
Interest-earning
assets:
Loans receivable $ 678,936 6.55       % $ 674,244 6.12       % $ 612,416 6.25       %
Investment         149,472 2.06           152,916 2.12           174,208 2.35
securities
Other
interest-earning   41,373  0.40           26,504  0.53           28,447  0.51
assets
Total
interest-earning   869,781 5.49           853,664 5.23           815,071 5.22
assets
Interest-bearing
liabilities:
Deposits:
Savings,
checking, and      355,107 0.34           329,371 0.39           300,000 0.52
money market
Certificates of    269,840 1.08           276,800 1.11           273,407 1.20
deposit
Total
interest-bearing   624,947 0.66           606,171 0.72           573,407 0.84
deposits
FHLB advances      48,175  1.39           73,488  0.97           105,828 0.68
Total
interest-bearing $ 673,122 0.71         $ 679,659 0.75         $ 679,235 0.82
liabilities
Net interest               4.78       %           4.48       %           4.40       %
spread
Net interest               4.94       %           4.64       %           4.54       %
margin

Noninterest Income

 Noninterest income for the third quarter of 2012 totaled $2.1 million, an
increase of $187,000, or 10%, compared to the second quarter of 2012 and an
increase of $488,000, or 31%, compared to the third quarter of 2011.  The
increase in noninterest income in the third quarter of 2012 compared to the
second quarter of 2012 resulted primarily from higher gains on the sale of
mortgage loans (up $234,000) and gains on the sale of securities (up
$103,000), which were partially offset by decreases in discount accretion on
FDIC loss sharing receivable, service fees and charges and bank card fees. 

The increase in noninterest income in the third quarter of 2012 compared to
the third quarter of 2011 resulted primarily from higher gains on the sale of
mortgage loans (up $487,000) and gains on the sale of securities (up
$163,000), which were partially offset by decreases in discount accretion on
FDIC loss sharing receivable, service fees and charges and bank card fees.    

Noninterest Expense

Noninterest expense for the third quarter of 2012 totaled $8.4 million, an
increase of $346,000, or 4%, compared to the second quarter of 2012 and a
decrease of $793,000, or 9%, compared to the third quarter of 2011. 
Noninterest expense for the third quarter of 2011 included $1.4 million of
expenses related to the acquisition of GSFC.   Excluding merger-related
expenses, noninterest expense for the third quarter of 2012 increased
$655,000, or 8%, compared to the third quarter of 2011.  The increase in
noninterest expense in the third quarter of 2012 compared to the second
quarter of 2012 resulted primarily from an increase in compensation and
benefits (up $220,000) and higher accruals for franchise and shares tax (up
$130,000). 

Excluding merger-related expenses in the third quarter of 2011, noninterest
expense increased $655,000, or 8%, in the third quarter of 2012 compared to
the third quarter of 2011.  The increase resulted primarily from higher
compensation and benefits (up $598,000) and expenses related to foreclosed
assets as a result of resolution costs related to NPAs acquired from GSFC (up
$173,000).

 

Non-GAAP Reconciliation

                                     For the Three Months Ended
(dollars in thousands)               September 30, June 30, 2012 September 30,
                                     2012                        2011
Reported noninterest expense         $  8,389      $ 8,043       $ 9,182
Less: Merger-related expenses        -             -             (1,449)
Non-GAAP noninterest expense         $  8,389      $ 8,043       $ 7,733
Reported net income                  $  3,052      $ 1,753       $    923
Add: Merger-related expenses (after  -             -             956
tax)
Non-GAAP net income                  $  3,052      $ 1,753       $    1,889
                                     For the Nine Months Ended
(dollars in thousands)               September 30, September 30,
                                     2012          2011
Reported noninterest expense         $    24,241   $22,701
Less: Merger-related expenses        -             (1,834)
Non-GAAP noninterest expense         $    24,241   $20,867
Reported net income                  $      6,865  $  2,986
Add: Merger-related expenses (after  -             1,211
tax)
Non-GAAP net income                  $      6,865  $  4,197

This news release contains financial information determined by methods other
than in accordance with generally accepted accounting principles ("GAAP"). The
Company's management uses this non-GAAP financial information in its analysis
of the Company's performance. In this news release, information is included
which excludes acquired loans and impact of merger-related expenses.
Management believes the presentation of this non-GAAP financial information
provides useful information that is essential to a proper understanding of the
Company's financial position and core operating results. This non-GAAP
financial information should not be viewed as a substitute for financial
information determined in accordance with GAAP, nor are they necessarily
comparable to non-GAAP financial information presented by other companies. 

This news release contains certain forward‑looking statements. Forward‑looking
statements can be identified by the fact that they do not relate strictly to
historical or current facts.  They often include the words "believe,"
"expect," "anticipate," "intend," "plan," "estimate" or words of similar
meaning, or future or conditional verbs such as "will," "would," "should,"
"could" or "may."

Forward‑looking statements, by their nature, are subject to risks and
uncertainties.  A number of factors ‑ many of which are beyond our control ‑
could cause actual conditions, events or results to differ significantly from
those described in the forward‑looking statements.  Home Bancorp's Annual
Report on Form 10-K for the year ended December 31, 2011, describes some of
these factors, including risk elements in the loan portfolio, the level of the
allowance for losses on loans, risks of our growth strategy, geographic
concentration of our business, dependence on our management team, risks of
market rates of interest and of regulation on our business and risks of
competition. Forward‑looking statements speak only as of the date they are
made.  We do not undertake to update forward‑looking statements to reflect
circumstances or events that occur after the date the forward‑looking
statements are made or to reflect the occurrence of unanticipated events.

 

HOME BANCORP, INC. AND SUBSIDIARY
CONDENSED STATEMENTS OF FINANCIAL CONDITION
                 September     September     %         June 30      December 31,
                 30,           30,
                 2012          2011          Change    2012         2011
Assets
Cash and cash    $             $             57     %  $            $      
equivalents      52,307,703    33,228,854              51,694,432   31,769,438
Interest-bearing
deposits in      4,019,000     6,318,000     (36)      4,509,000    5,583,000
banks
Investment
securities
available for    153,006,535   165,513,687   (8)       152,718,411  155,259,978
sale, at fair
value
Investment
securities held  2,049,718     3,938,656     (48)      2,422,574    3,461,717
to maturity
Mortgage loans   5,572,587     8,928,396     (38)      4,832,498    1,672,597
held for sale
Loans covered by
loss sharing     49,500,917    67,296,479    (26)      46,827,556   61,070,360
agreements
Noncovered
loans, net of    621,157,286   586,339,131   6         632,944,049  605,301,127
unearned income
     Total loans 670,658,203   653,635,610   3         679,771,605  666,371,487
Allowance for    (4,906,292)   (4,529,834)   8         (5,314,386)  (5,104,363)
loan losses
     Total
loans, net of    665,751,911   649,105,776   3         674,457,219  661,267,124
allowance for
loan losses
FDIC loss
sharing          16,813,909    25,628,190    (34)      22,827,051   24,222,190
receivable
Office
properties and   30,910,746    31,314,946    (1)       30,618,073   31,763,692
equipment, net
Cash surrender
value of         17,157,946    16,628,613    3         17,033,380   16,771,174
bank-owned life
insurance
Accrued interest
receivable and   26,720,243    31,568,285    (15)      27,402,864   32,018,228
other assets
Total Assets     $             $             -         $            $    
                 974,310,298   972,173,403             988,515,502  963,789,138
Liabilities
Deposits         $             $             9      %  $            $    
                 784,941,867   719,460,464             779,233,938  730,733,755
Federal Home
Loan Bank        43,440,343    113,458,132   (62)      54,874,645   93,622,954
advances
Accrued interest
payable and      5,717,129     6,187,857     (8)       15,375,621   5,147,595
other
liabilities
Total            834,099,339   839,106,453   (1)       849,484,204  829,504,304
Liabilities
Shareholders'
Equity
Common stock     89,483        89,497        -      %  89,453       89,335
Additional       90,513,760    89,336,376    1         90,069,141   89,741,406
paid-in capital
Treasury stock   (20,365,995)  (14,376,355)  42        (17,208,855) (15,892,315)
Common stock
acquired by      (7,544,939)   (8,714,783)   (13)      (7,666,096)  (8,625,513)
benefit plans
Retained         74,110,812    65,111,099    14        71,058,483   67,245,350
earnings 
Accumulated
other            3,407,838     1,621,116     110       2,689,172    1,726,571
comprehensive
income 
Total
Shareholders'    140,210,959   133,066,950   5         139,031,298  134,284,834
Equity
Total
Liabilities and  $             $             -         $            $    
Shareholders'    974,310,298   972,173,403             988,515,502  963,789,138
Equity

 

 

HOME BANCORP, INC. AND SUBSIDIARY
CONDENSED STATEMENTS OF INCOME
               For The Three Months              For The Nine Months
              Ended                             Ended 
               September 30,          %          September 30,         %
              2012        2011        Change    2012       2011        Change
Interest
Income
Loans,        $           $                     $          $        
including      11,309,112 9,728,512   16     %                         33     %
fees                                            32,063,514 24,154,691
Investment    769,202     1,023,976   (25)      2,440,833  2,802,155   (13)
securities
Other
investments   41,404      36,280      14        110,870    107,543     3
and deposits
Total
interest      12,119,718  10,788,768  12        34,615,217 27,064,389  28
income
Interest
Expense
Deposits      1,036,707   1,219,492   (15)   %  3,253,133  3,431,545   (5)    %
Federal Home
Loan Bank     166,984     180,839     (8)       525,587    396,565     33
advances
Total
interest      1,203,691   1,400,331   (14)      3,778,720  3,828,110   (1)
expense
Net interest  10,916,027  9,388,437   16        30,836,497 23,236,279  33
income
Provision for 55,736      525,510     (89)      1,927,962  892,459     116
loan losses
Net interest
income after  10,860,291  8,862,927   23        28,908,535 22,343,820  29
provision for
loan losses
Noninterest
Income
Service fees  535,016     601,916     (11)   %  1,688,874  1,622,339   4      %
and charges
Bank card     443,986     451,959     (2)       1,396,678  1,294,146   8
fees
Gain on sale  651,457     163,986     297       1,395,561  389,673     258
of loans, net
Income from
bank-owned    124,566     143,612     (13)      386,772    435,968     (11)
life
insurance
Gain (loss)
on the sale
of            162,534     -           -         221,781    (166,082)   234
securities,
net
Discount
accretion of
FDIC loss     108,762     193,349     (44)      461,893    663,281     (30)
sharing
receivable
Settlement of -           -           -         -          525,000     -
litigation
Other income  60,537      44,379      36        134,870    158,288     (15)
Total
noninterest   2,086,858   1,599,201   30        5,686,429  4,922,613   16
income
Noninterest
Expense
Compensation  5,046,836   5,215,478   (3)    %  14,569,194 13,128,998  11     %
and benefits
Occupancy     722,320     709,640     2         2,119,265  1,834,066   16
Marketing and 202,400     291,628     (31)      538,764    667,824     (19)
advertising
Data
processing    694,440     1,314,568   (47)      2,033,779  2,428,075   (16)
and
communication
Professional  213,294     327,728     (35)      701,030    1,174,980   (40)
fees
Forms,
printing and  111,203     141,008     (21)      377,918    402,082     (6)
supplies
Franchise and 305,889     221,017     38        657,191    582,018     13
shares tax
Regulatory    218,193     258,234     (16)      629,368    688,616     (9)
fees
Foreclosed    248,089     75,147      230       758,813    229,047     231
assets, net
Other         626,409     627,945     -         1,855,486  1,564,909   19
expenses
Total
noninterest   8,389,073   9,182,393   (9)       24,240,808 22,700,615  7
expense
Income before
income tax    4,558,076   1,279,735   256       10,354,156 4,565,818   127
expense
Income tax    1,505,746   356,336     323       3,488,694  1,580,288   121
expense
              $           $                     $          $        
Net income     3,052,330  923,399     231                              130
                                                6,865,462  2,985,530
Earnings per  $           $                     $          $        
share - basic      0.44        0.13   238    %                         136    %
                                                   0.99       0.42
Earnings per  $           $                     $          $        
share -            0.42        0.13   223                              132
diluted                                            0.95       0.41

 

 

HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY FINANCIAL INFORMATION
                    For The Three Months                For The
                   Ended                               Three  
                    September 30,          %            Months      %
                                                       Ended 
                   2012        2011         Change      June 30,     Change 
                                                       2012 
(dollars in
thousands except
per share data)
EARNINGS DATA
Total interest     $           $                       $        
income               12,120     10,788     12       %               8        %
                                                       11,230
Total interest     1,204       1,400       (14)        1,262        (5)
expense
Net interest       10,916      9,388       16          9,968        10
income
Provision for loan 56          526         (89)        1,160        (95)
losses
Total noninterest  2,087       1,599       31          1,900        10
income
Total noninterest  8,389       9,182       (9)         8,043        4
expense
Income tax expense 1,506       356         323         912          65
                   $           $                       $        
Net income             3,052        923    231                      74
                                                         1,753
AVERAGE BALANCE
SHEET DATA
                   $           $                       $        
Total assets       974,761      926,101    5        %               1        %
                                                       963,270
Total
interest-earning   869,781     815,071     7           853,664      2
assets
Totals loans       678,936     612,416     11          674,244      1
Total
interest-bearing   624,947     573,407     9           606,171      3
deposits
Total
interest-bearing   673,122     679,235     (1)         679,659      (1)
liabilities
Total deposits     783,542     689,014     14          747,148      5
Total
shareholders'      140,548     127,750     10          139,113      1
equity
SELECTED RATIOS
^(1)
Return on average  1.25      % 0.40      % 213      %  0.73      %  71       %
assets
Return on average  8.69        2.89        201         5.04         72
equity
Efficiency ratio   64.52       83.57       (23)        67.77        (5)
^(2)
Average equity to  14.42       13.79       5           14.44        -
average assets
Tier 1 leverage    13.23       12.17       9           12.72        4
capital ratio^(3) 
Total risk-based   21.39       21.17       1           20.70        3
capital ratio^(3) 
Net interest       4.94        4.54        9           4.64         6
margin ^(4)
PER SHARE DATA
Basic earnings per $           $                       $        
share                   0.44       0.13    238      %               76       %
                                                          0.25
Diluted earnings   0.42        0.13        223         0.24         75
per share
Book value at      18.66       16.92       10          18.07        3
period end
Tangible book
value at period    18.35       16.60       11          17.76        3
end
PER SHARE DATA
Shares outstanding 7,512,360   7,862,154   (4)      %  7,693,769    (2)      %
at period end
Weighted average
shares outstanding
   Basic           6,950,785   7,173,443   (3)      %  6,972,170    -        %
   Diluted         7,212,323   7,274,615   (1)         7,234,806    -
^(1)  With the exception of end-of-period ratios, all ratios are based on
average monthly balances during the respective periods.
^(2)  The efficiency ratio represents noninterest expense as a percentage of
total revenues.  Total revenues is the sum of net interest income and
noninterest income.
^(3)  Capital ratios are end of period ratios for the Bank only.
^(4)  Net interest margin represents net interest income as a percentage of
average interest-earning assets.

 

 

HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY CREDIT QUALITY INFORMATION
               September 30, 2012             June 30, 2012                  September 30, 2011
               Covered  Noncovered Total      Covered  Noncovered Total      Covered  Noncovered Total
(dollars in
thousands)
CREDIT
QUALITY^(1) 
(2)
Nonaccrual     $        $          $          $        $15,842    $          $        $          $
loans           9,106   12,608      21,714    9,585                25,427     10,680   8,791     19,471
Accruing loans
past due 90    -        -          -          -        -          -          -        -          -
days and over
Total
nonperforming  9,106    12,608     21,714     9,585    15,842     25,427     10,680   8,791      19,471
loans
Foreclosed     3,143    5,300      8,443      3,244    1,623      4,867      5,495    3,066      8,561
assets
Total
nonperforming  12,249   17,908     30,157     12,829   17,465     30,294     16,175   11,857     28,032
assets
Performing
troubled debt  675      816        1,491      20       831        851        29       587        616
restructurings
Total
nonperforming
assets and
troubled 
debt           $        $          $          $        $18,296    $          $        $          $
restructurings  12,924  18,724      31,648     12,849              31,145     16,204  12,444     28,648
Nonperforming
assets to                          3.10    %                      3.06    %                      2.88   %
total assets
Nonperforming
loans to total                     2.23                           2.57                           2.00
assets 
Nonperforming
loans to total                     3.24                           3.74                           2.98
loans 
Allowance for
loan losses to                     16.27                          17.54                          16.16
nonperforming
assets
Allowance for
loan losses to                     22.60                          20.90                          23.26
nonperforming
loans
Allowance for
loan losses to                     0.73                           0.78                           0.69
total loans
Year-to-date                       $                              $                              $    
loan                                2,151                         1,684                          320
charge-offs
Year-to-date
loan                               25                             22                             38
recoveries
Year-to-date                       $                              $                              $    
net loan                            2,126                         1,662                          282
charge-offs
Annualized YTD
net loan                           0.42    %                      0.49    %                      0.06   %
charge-offs to
total loans
^(1)  Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due. 
Nonperforming assets consist of nonperforming loans and repossessed assets. It is our policy to cease
accruing interest on loans 90 days or more past due. Repossessed assets consist of assets acquired
through foreclosure or acceptance of title in-lieu of foreclosure.
^(2)  Asset quality information includes assets covered under FDIC loss sharing agreements. Such assets
covered by FDIC loss sharing agreements are referred to as "Covered" assets. All other assets are
referred to as "Noncovered".

SOURCE Home Bancorp, Inc.

Website: http://www.home24bank.com
Contact: John W. Bordelon, President and CEO, +1-337-237-1960
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