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Home Bancorp Announces 2013 Second Quarter Results

              Home Bancorp Announces 2013 Second Quarter Results

PR Newswire

LAFAYETTE, La., July 23, 2013

LAFAYETTE, La., July 23, 2013 /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 $1.2 million for
the second quarter of 2013, a decrease of $618,000, or 33%, compared to the
first quarter of 2013 and a decrease of $509,000, or 29%, compared to the
second quarter of 2012. Diluted earnings per share were $0.18 for the second
quarter of 2013, a decrease of $0.08, or 31%, compared to the first quarter of
2013 and a decrease of $0.06, or 25%, compared to the second quarter of 2012.

(Logo:http://photos.prnewswire.com/prnh/20130429/MM04092LOGO)

"Second quarter performance was significantly impacted by the write down of
one problem loan relationship in our Baton Rouge market," stated John W.
Bordelon, President and Chief Executive Officer of the Company and the Bank.
"We remain committed to early identification of problem loans and are working
aggressively to resolve nonperforming assets as quickly as the legal process
allows."

"While we had a relatively strong quarter of loan production," added Mr.
Bordelon, "the effect was muted by anticipated reductions in our Covered Loan
portfolio."

Loans and Credit Quality

Loans totaled $675.9 million at June 30, 2013, a decrease of $2.7 million, or
0.4%, from March 31, 2013, and a decrease of $3.9 million, or 0.6%, from June
30, 2012. During the second quarter, decreases in residential mortgage loans
(down $5.0 million), multi-family loans (down $1.6 million) and construction
and land loans (down $3.0 million) were largely offset by increases in
commercial and industrial loans (up $7.0 million). Loans covered under loss
sharing agreements with the FDIC ("Covered Loans") totaled $27.4 million as of
June 30, 2013, a decrease of $14.2 million, or 34.1%, compared to March 31,
2013. The decrease in Covered Loans was primarily the result of principal
repayments. 

The following table sets forth the composition of the Company's loan portfolio
(including Covered Loans) as of the dates indicated.

                               June 30,   December 31,   Increase/(Decrease)
(dollars in thousands)         2013       2012           Amount    Percent
Real estate loans:
 One- to four-family     $ 181,243  $ 177,816      $ 3,427     2         %
first mortgage
 Home equity loans and     37,950     40,425         (2,475)   (6)
lines
 Commercial real estate    250,786    252,805        (2,019)   (1)
 Construction and land     71,269     75,529         (4,260)   (6)
 Multi-family              16,875     19,659         (2,784)   (14)
residential
 Total real estate      558,123    566,234        (8,111)   (1)
loans
Other loans:
 Commercial and            81,377     72,253         9,124     13
industrial
 Consumer                  36,419     34,641         1,778     5
 Total other loans      117,796    106,894        10,902    10
 Total loans          $ 675,919  $ 673,128      $ 2,791     0         %

Nonperforming assets ("NPAs"), which include $9.7 million in assets covered
under loss sharing agreements with the FDIC ("Covered Assets") and $12.2
million in assets acquired from GS Financial Corp. ("GSFC"), totaled $27.5
million at June 30, 2013, a decrease of $2.9 million compared to March 31,
2013 and a decrease of $2.8 million compared to June 30, 2012. The ratio of
total NPAs to total assets was 2.83% at June 30, 2013, compared to 3.12% at
March 31, 2013 and 3.06% at June 30, 2012. Excluding acquired assets, the
ratio of NPAs to total assets was 0.68% at June 30, 2013, compared to 0.80% at
March 31, 2013 and 0.90% at June 30, 2012.

The Company recorded net loan charge-offs of $1.8 million during the second
quarter of 2013, compared to net loan charge-offs of $165,000 in the first
quarter of 2013 and $1.7 million in the second quarter of 2012. The increase
in net charge-offs for the second quarter of 2013 resulted primarily from a
$1.7 million charge-off on a $1.9 million accounts receivable line of credit
which was downgraded and placed on nonaccrual status during the quarter.

The Company's provision for loan losses for the second quarter of 2013 was
$2.2 million, compared to $520,000 for the first quarter of 2013 and $1.2
million for the second quarter of 2012. The elevated level of provision
during the second quarter of 2013 relates primarily to the accounts receivable
line of credit mentioned above.

The ratio of allowance for loan losses to total loans was 0.90% at June 30,
2013 compared to 0.84% and 0.78% at March 31, 2013 and June 30, 2012,
respectively. Excluding acquired loans, the ratio of the allowance for loan
losses to total loans was 1.08% at June 30, 2013 compared to 1.05% at March
31, 2013 and June 30, 2012.

Investment Securities Portfolio

The Company's investment securities portfolio totaled $155.9 million at June
30, 2013, a decrease of $3.8 million, or 2%, from March 31, 2013, and an
increase of $752,000, or 1%, from June 30, 2012. At June 30, 2013, the
Company had a net unrealized gain position on its investment securities
portfolio of $1.4 million, compared to net unrealized gains of $4.6 million
and $4.1 million at March 31, 2013 and June 30, 2012, respectively. The
decrease in the unrealized gain primarily reflects the increasing market
interest rates. The investment securities portfolio had a modified duration
of 4.2 years at June 30, 2013, compared to 3.7 and 3.6 years at March 31, 2013
and June 30, 2012, respectively.

During the second quarter of 2013, the Company sold five securities with an
aggregate book value of $7.3 million and realized an aggregate gain of
$428,000 on the transactions.

Deposits

During the second quarter of 2013, core deposits (i.e., checking, savings and
money market accounts) increased $12.5 million, or 2%, from March 31, 2013,
and increased $50.7 million, or 10%, from June 30, 2012. Total deposits were
$777.2 million at June 30, 2013, a decrease of $4.1 million, or 1%, from March
31, 2013, and a decrease of $2.0 million, or 0.3%, from June 30, 2012.

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

                          June 30,   December 31,   Increase / (Decrease)
(dollars in thousands)    2013       2012           Amount      Percent
Demand deposit          $ 180,376  $ 152,462      $ 27,914      18        %
Savings                   54,395     51,515         2,880       6
Money market              193,725    191,191        2,534       1
NOW                       125,344    123,294        2,050       2
Certificates of deposit   223,396    252,967        (29,571)    (12)
 Total deposits  $ 777,236  $ 771,429      $ 5,807       1         %

Share Repurchases

The Company completed its July 2012 share repurchase program at the beginning
of June 2013. Under the July 2012 program, the Company acquired 383,598
shares of the Company's common stock at an average price of $17.68 per share.

On June 7, 2013, the Company announced the commencement of a new share
repurchase program (the "June 2013 program"). Under the June 2013 program,
the Company may purchase up to 370,000 shares, or approximately 5%, of the
Company's outstanding common stock. Under the June 2013 program, the Company
purchased 157,700 shares of its common stock during the second quarter of 2013
at an average price per share of $17.88. As of July 17, 2013, the Company has
purchased 176,300 shares under the June 2013 plan at an average price per
share of $17.95; hence, an additional 193,700 shares remain eligible for
purchase under the plan. The tangible book value per share of the Company's
common stock was $19.06 at June 30, 2013.

Net Interest Income

Net interest income for the second quarter of 2013 totaled $9.9 million, an
increase of $79,000, or 1%, compared to the first quarter of 2013, and a
decrease of $38,000, or 0.4%, compared to the second quarter of 2012. The
modest increase in net interest income in the second quarter of 2013 compared
to the first quarter of 2013 was due largely to lower average yields paid on
interest-bearing liabilities. The decline in net interest income in the
second quarter of 2013 compared to the second quarter of 2012 was due largely
to lower loan interest income as a result of lower average yields earned on
loans, reflecting the continuing low interest rate environment as well as the
effects of competition for loans in our marketplace. 

The Company's net interest margin was 4.59% for the second quarter of 2013,
four basis points lower than the first quarter of 2013 and seven basis points
lower than the second quarter of 2012. The decrease in the net interest
margin related primarily to lower loan yields. 

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. Taxable equivalent ("TE") yields on investment securities are
calculated using a marginal tax rate of 35%.

                   For the Three Months Ended
                   June 30, 2013          March 31, 2013         June 30, 2012
(dollars in        Average Average        Average Average        Average Average
thousands)         Balance Yield/Rate     Balance Yield/Rate     Balance Yield/Rate
Interest-earning
assets:
Loans receivable $ 683,394 5.86       % $ 675,435 5.98       % $ 674,244 6.12       %
Investment         154,523 2.11           153,958 2.15           152,916 2.24
securities (TE)
Other
interest-earning   28,153  0.46           28,753  0.44           26,504  0.53
assets
 Total
interest-earning $ 866,070 5.01         $ 858,146 5.11         $ 853,664 5.25
assets
Interest-bearing
liabilities:
Deposits:
Savings,
checking, and    $ 372,613 0.26         $ 369,594 0.30         $ 329,371 0.39
money market
Certificates of    231,824 0.97           245,421 1.01           276,800 1.11
deposit
 Total
interest-bearing   604,437 0.53           615,015 0.58           606,171 0.72
deposits
FHLB advances      50,734  0.96           41,243  1.39           73,488  0.97
 Total
interest-bearing $ 655,171 0.56         $ 656,258 0.63         $ 679,659 0.75
liabilities
Net interest               4.45       %           4.48       %           4.50       %
spread (TE)
Net interest               4.59       %           4.63       %           4.66       %
margin (TE)

Noninterest Income

Noninterest income for the second quarter of 2013 totaled $2.2 million, an
increase of $416,000, or 23%, compared to the first quarter of 2013 and an
increase of $297,000, or 16%, compared to the second quarter of 2012. The
increase in noninterest income in the second quarter of 2013 compared to the
first quarter of 2013 resulted primarily from increases in gains on the sale
of securities (up $428,000), bank card fees (up $40,000) and service fees and
charges (up $33,000), which were partially offset by a decrease in gains on
the sale of mortgage loans (down $122,000). 

The increase in noninterest income in the second quarter of 2013 compared to
the second quarter of 2012 resulted primarily from higher gains on the sale of
securities (up $369,000), which was partially offset by decreases in discount
accretion on the FDIC loss sharing receivable (down $64,000), bank card fees
(down $30,000) and income from bank-owned life insurance (down $13,000). 

Noninterest Expense

Noninterest expense for the second quarter of 2013 totaled $8.0 million, a
decrease of $282,000, or 3%, compared to the first quarter of 2013 and a
decrease of $29,000, or 0.4%, compared to the second quarter of 2012. The
decrease in noninterest expense in the second quarter of 2013 compared to the
first quarter of 2013 resulted primarily from lower foreclosed asset expenses
(down $210,000 primarily due to a gain of $194,000 recorded on a disposed
asset), compensation and benefits expenses (down $216,000) and marketing and
advertising expenses (down $67,000), which were partially offset by higher
other expenses (up $169,000 primarily due to penalties incurred in prepaying
long-term FHLB borrowings), occupancy expenses (up $51,000) and forms,
printing and supplies expenses (up $29,000). 

The decrease in noninterest expense in the second quarter of 2013 compared to
the second quarter of 2012 resulted primarily from lower foreclosed asset
expenses (down $275,000), which was partially offset by higher other expenses
(up $151,000) and Louisiana shares taxes (up $97,000).

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 loans acquired from the FDIC and GSFC. 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, 2012, 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
                 June 30,      June 30,      %         March 31,     December 31,
                 2013          2012          Change    2013          2012
Assets
Cash and cash    $            $            1      %  $            $ 
equivalents      51,957,884    51,694,432              48,271,579    39,539,366
Interest-bearing
deposits in      3,284,000     4,509,000     (27)      3,529,000     3,529,000
banks
Investment
securities
available for    150,387,103   152,718,411   (2)       158,264,273   157,255,828
sale, at fair
value
Investment
securities held  5,505,716     2,422,574     127       1,463,543     1,665,184
to maturity
Mortgage loans   4,229,298     4,832,498     (12)      4,373,926     5,627,104
held for sale
Loans covered by
loss sharing     27,350,973    46,827,556    (42)      41,533,637    45,764,397
agreements
Noncovered
loans, net of    648,568,074   632,944,049   2         637,044,534   627,363,937
unearned income
 Total loans 675,919,047   679,771,605   (1)       678,578,171   673,128,334
Allowance for    (6,093,556)   (5,314,386)   15        (5,674,179)   (5,319,235)
loan losses
 Total
loans, net of    669,825,491   674,457,219   (1)       672,903,992   667,809,099
allowance for
loan losses
FDIC loss
sharing          15,065,655    22,827,051    (34)      15,658,092    15,545,893
receivable
Office
properties and   30,473,517    30,618,073    -         30,540,350    30,777,184
equipment, net
Cash surrender
value of         17,523,536    17,033,380    3         17,405,985    17,286,434
bank-owned life
insurance
Accrued interest
receivable and   23,511,646    27,402,864    (14)      24,614,631    23,891,172
other assets
Total Assets     $             $             (2)       $             $
                 971,763,846   988,515,502             977,025,371   962,926,264
Liabilities
Deposits         $             $             -      %  $             $
                 777,236,290   779,233,938             781,335,468   771,429,335
Federal Home
Loan Bank        52,500,000    54,874,645    (4)       49,346,176    46,256,805
advances
Accrued interest
payable and      3,868,422     15,375,621    (75)      3,225,771     3,666,264
other
liabilities
Total            833,604,712   849,484,204   (2)       833,907,415   821,352,404
Liabilities
Shareholders'
Equity
Common stock     89,563        89,453        -      %  89,534        89,506
Additional       91,309,237    90,069,141    1         91,458,193    90,986,820
paid-in capital
Treasury stock   (27,187,845)  (17,208,855)  58        (22,390,786)  (21,719,954)
Common stock
acquired by      (6,487,467)   (7,666,096)   (15)      (7,358,139)   (7,455,669)
benefit plans
Retained         79,540,747    71,058,483    12        78,297,156    76,435,222
earnings
Accumulated
other            894,899       2,689,172     (67)      3,021,998     3,237,935
comprehensive
income
Total
Shareholders'    138,159,134   139,031,298   (1)       143,117,956   141,573,860
Equity
Total
Liabilities and  $             $             (2)       $             $
Shareholders'    971,763,846   988,515,502             977,025,371   962,926,264
Equity





HOME BANCORP, INC. AND SUBSIDIARY
CONDENSED STATEMENTS OF INCOME
              For The Three Months            For The Six Months
              Ended                           Ended
              June 30,             %         June 30,             %
              2013       2012        Change    2013       2012        Change
Interest
Income
Loans,        $         $                    $         $ 
including     10,067,629 10,383,044  (3)    %  20,140,379 20,754,401  (3)    %
fees
Investment    752,159    812,148     (7)       1,523,210  1,671,631   (9)
securities
Other
investments   32,299     35,068      (8)       63,606     69,466      (8)
and deposits
 Total
interest      10,852,087 11,230,260  (3)       21,727,195 22,495,498  (3)
income
Interest
Expense
Deposits      799,667    1,084,579   (26)   %  1,680,680  2,216,427   (24)   %
Federal Home
Loan Bank     122,517    177,766     (31)      266,196    358,602     (26)
advances
 Total
interest      922,184    1,262,345   (27)      1,946,876  2,575,029   (24)
expense
Net interest  9,929,903  9,967,915   -         19,780,319 19,920,469  (1)
income
Provision for 2,247,802  1,160,326   94        2,768,193  1,872,226   48
loan losses
Net interest
income after  7,682,101  8,807,589   (13)      17,012,126 18,048,243  (6)
provision for
loan losses
Noninterest
Income
Service fees  579,594    583,916     (1)    %  1,125,941  1,153,858   (2)    %
and charges
Bank card     454,123    484,408     (6)       868,515    952,692     (9)
fees
Gain on sale  426,442    417,934     2         974,861    744,105     31
of loans, net
Income from
bank-owned    117,551    130,927     (10)      237,102    262,206     (10)
life
insurance
Gain on the
sale of       428,200    59,079      625       428,200    59,247      623
securities,
net
Discount
accretion of
FDIC loss     111,649    175,622     (36)      223,848    353,131     (37)
sharing
receivable
Other income  78,766     47,773      65        118,132    74,335      59
 Total
noninterest   2,196,325  1,899,659   16        3,976,599  3,599,574   10
income
Noninterest
Expense
Compensation  4,880,129  4,826,649   1      %  9,976,347  9,522,358   5      %
and benefits
Occupancy     759,939    702,003     8         1,468,725  1,396,945   5
Marketing and 172,327    184,890     (7)       411,523    336,364     22
advertising
Data
processing    626,156    666,999     (6)       1,267,671  1,339,340   (5)
and
communication
Professional  193,506    255,483     (24)      406,252    487,736     (17)
fees
Forms,
printing and  136,023    140,449     (3)       242,796    266,715     (9)
supplies
Franchise and 272,960    175,651     55        546,580    351,302     56
shares tax
Regulatory    219,635    213,018     3         442,884    411,175     8
fees
Foreclosed    (32,185)   242,726     (113)     145,758    510,724     (71)
assets, net
Other         785,588    635,046     24        1,401,859  1,229,077   14
expenses
 Total
noninterest   8,014,078  8,042,914   -         16,310,395 15,851,736  3
expense
Income before
income tax    1,864,348  2,664,334   (30)      4,678,330  5,796,081   (19)
expense
Income tax    620,757    911,659     (32)      1,572,805  1,982,948   (21)
expense
Net income    $        $         (29)      $        $         (19)
              1,243,591  1,752,675             3,105,525  3,813,133
Earnings per  $      $       (24)   %  $      $       (16)   %
share - basic   0.19    0.25               0.46    0.55
Earnings per  $      $                 $      $    
share -         0.18    0.24   (25)        0.44    0.53   (17)
diluted





HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY FINANCIAL INFORMATION
                    For The Three Months                For The
                    Ended                               Three
                    June 30,                  %         Months        %
                                                        Ended
                    2013         2012         Change    March 31,     Change
                                                        2013
(dollars in
thousands except
per share data)
EARNINGS DATA
Total interest      $  10,852   $  11,230   (3)    %  $         -      %
income                                                    10,875
Total interest      922          1,262        (27)      1,025         (10)
expense
Net interest income 9,930        9,968        -         9,850         1
Provision for loan  2,248        1,160        94        520           332
losses
Total noninterest   2,196        1,900        16        1,780         23
income
Total noninterest   8,014        8,043        -         8,296         (3)
expense
Income tax expense  621          912          (32)      952           (35)
Net income          $          $          (29)      $         (33)
                    1,243        1,753                    1,862
AVERAGE BALANCE
SHEET DATA
Total assets        $ 967,683    $963,270     -      %  $         1      %
                                                         961,542
Total
interest-earning    866,070      853,664      1         858,146       1
assets
Total loans         683,394      674,244      1         675,435       1
Total
interest-bearing    604,437      606,171      -         615,015       (2)
deposits
Total
interest-bearing    655,171      679,659      (4)       656,258       -
liabilities
Total deposits      771,868      747,148      3         775,937       (1)
Total shareholders' 143,708      139,113      3         143,113       -
equity
SELECTED RATIOS
^(1)
Return on average   0.51       % 0.73       % (30)   %  0.77       %  (34)   %
assets
Return on average   3.46         5.04         (31)      5.20          (33)
equity
Efficiency ratio    66.09        67.77        (2)       71.33         (7)
^(2)
Average equity to   14.85        14.44        3         14.88         -
average assets
Tier 1 leverage     13.85        12.72        9         13.70         1
capital ratio^(3)
Total risk-based    22.14        20.70        7         22.11         -
capital ratio^(3)
Net interest margin 4.59         4.66         (2)       4.63          (1)
^(4)
PER SHARE DATA
Basic earnings per  $                                 $    
share               0.19        $0.25        (24)   %             (32)   %
                                                        0.28
Diluted earnings    0.18         0.24         (25)      0.26          (31)
per share
Book value at       19.35        18.07        7         19.33         -
period end
Tangible book value 19.06        17.76        7         19.03         -
at period end
PER SHARE DATA
Shares outstanding  7,141,691    7,693,769    (7)    %  7,405,767     (4)    %
at period end
Weighted average
shares outstanding
 Basic            6,652,097    6,972,170    (5)    %  6,748,752     (1)    %
 Diluted          6,963,570    7,234,806    (4)       7,099,544     (2)

^(1)        With the exception of end-of-period ratios, all ratios are based
             on average monthly balances during the respective periods.
             The efficiency ratio represents noninterest expense as a
^(2)        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.
             Net interest margin represents net interest income as a
             percentage of average interest-earning assets. Taxable equivalent
^(4)        yields are calculated using a marginal

             tax rate of 35%.



HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY CREDIT QUALITY INFORMATION
               June 30, 2013                March 31, 2013               June 30, 2012
               Covered Noncovered Total     Covered Noncovered Total     Covered Noncovered Total
(dollars in
thousands)
CREDIT
QUALITY^(1)
(2)
Nonaccrual     $       $ 16,938   $         $       $ 15,225   $         $9,585  $15,842    $
loans          6,949             23,887    8,105             23,330                       25,427
Accruing loans
past due 90    -       -          -         -       -          -         -       -          -
days and over
Total
nonperforming  6,949   16,938     23,887    8,105   15,225     23,330    9,585   15,842     25,427
loans
Other real     2,755   888        3,643     3,517   3,612      7,129     3,244   1,623      4,867
estate owned
Total
nonperforming  9,704   17,826     27,530    11,622  18,837     30,459    12,829  17,465     30,294
assets
Performing
troubled debt  321     532        853       297     482        779       20      831        851
restructurings
Total
nonperforming
assets and
troubled
debt           $       $ 18,358   $         $       $ 19,319   $         $       $ 18,296   $
restructurings 10,025             28,383    11,919             31,238    12,849             31,145
Nonperforming
assets to                         2.83   %                     3.12   %                     3.06   %
total assets
Nonperforming
loans to total                    2.46                         2.39                         2.57
assets
Nonperforming
loans to total                    3.53                         3.44                         3.74
loans
Allowance for
loan losses to                    22.13                        18.63                        17.54
nonperforming
assets
Allowance for
loan losses to                    25.51                        24.32                        20.90
nonperforming
loans
Allowance for
loan losses to                    0.90                         0.84                         0.78
total loans
Year-to-date                      $                            $                          $
loan                              2,030                       189                          1,684
charge-offs
Year-to-date
loan                              37                           24                           22
recoveries
Year-to-date                      $                            $                          $
net loan                          1,993                       165                          1,662
charge-offs
Annualized YTD
net loan                          0.59   %                     0.10   %                     0.49   %
charge-offs to
total loans

               Nonperforming loans consist of nonaccruing loans and accruing
               loans 90 days or more past due. Nonperforming assets consist of
               nonperforming loans and

^(1)          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.
               Asset quality information includes assets covered under FDIC
               loss sharing agreements. Such assets covered by FDIC loss
^(2)          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 (337) 237-1960