Home Bancorp Announces 2013 Fourth Quarter And Annual Results

        Home Bancorp Announces 2013 Fourth Quarter And Annual Results

PR Newswire

LAFAYETTE, La., Jan. 28, 2014

LAFAYETTE, La., Jan. 28, 2014 /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 $1.7 million for
the fourth quarter of 2013, a decrease of $777,000, or 31%, compared to the
third quarter of 2013 and a decrease of $619,000, or 27%, compared to the
fourth quarter of 2012. The fourth quarter of 2013 includes $307,000 of
pre-tax expenses related to the acquisition of Britton & Koontz Capital
Corporation (OTCQB: "BKBK") ("Britton & Koontz"). Excluding merger-related
expenses, net income for the fourth quarter of 2013 was $1.9 million, a
decrease of 23% and 18% compared to the third quarter of 2013 and the fourth
quarter of 2012, respectively. Diluted earnings per share were $0.25 for the
fourth quarter of 2013, a decrease of $0.12, or 32%, compared to the third
quarter of 2013 and a decrease of $0.08, or 24%, compared to the fourth
quarter of 2012. Excluding merger-related expenses, diluted earnings per
share were $0.28 for the fourth quarter of 2013, decreases of 24% and 15%
compared to the third quarter of 2013 and the fourth quarter of 2012,
respectively.

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

Net income for the year ended December 31, 2013 was $7.3 million, a decrease
of $1.9 million, or 21%, compared to 2012. Excluding pre-tax merger-related
expenses of $307,000 incurred during 2013, net income for the year ended
December 31, 2013 was $7.5 million, a decrease of 18% compared to 2012.
Diluted earnings per share for 2013 were $1.06, a decrease of 17% compared to
$1.28 in 2012. Excluding merger-related expenses, diluted earnings per share
were $1.09, a decrease of 15% compared to 2012.

"Our fourth quarter was highlighted by the announcement of our pending entry
into Mississippi through the Britton & Koontz acquisition and the resulting
addition of several outstanding bankers to our team," stated John W. Bordelon,
President and Chief Executive Officer of the Company and the Bank. "The B&K
deal is on pace to close during the first quarter of 2014 and our bankers had
an outstanding quarter of loan growth."

Acquisition of Britton & Koontz

As previously disclosed on November 5, 2013, the Company entered into a
definitive agreement to merge with Britton & Koontz Capital Corporation, the
holding company of the 147-year-old Britton & Koontz Bank, N.A. ("Britton &
Koontz Bank"). Under the terms of the agreement, Britton & Koontz will be
merged with and into Home Bancorp in a two-step transaction and Britton &
Koontz Bank will be merged with and into the Bank. Shareholders of Britton &
Koontz will receive $16.14 per share in cash upon completion of the merger.
The merger, which is expected to be completed in the first quarter of 2014,
was approved by BKBK's shareholders earlier this month and remains subject to
regulatory approvals and the satisfaction of all other customary conditions.
Upon completion of the merger, the combined company will have total assets of
approximately $1.2 billion, $873 million in loans and $964 million in
deposits.

Loans and Credit Quality

Loans totaled $707.5 million at December 31, 2013, an increase of $26.6
million, or 4%, from September 30, 2013, and an increase of $34.3 million, or
5%, from December 31, 2012. During the fourth quarter, commercial real estate
(up $16.2 million) and construction and land (up $11.1 million) loans led our
growth. 

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

                           December 31,   December 31,   Increase/(Decrease)
(dollars in thousands)     2013           2012           Amount     Percent
Real estate loans:
 One- to four-family $ 179,506      $ 177,816      $ 1,690      1        %
first mortgage
 Home equity loans     40,561         40,425         136        -
and lines
 Commercial real       269,849        252,805        17,044     7
estate
 Construction and      83,271         75,529         7,742      10
land
 Multi-family          16,578         19,659         (3,081)    (16)
residential
 Total real         589,765        566,234        23,531     4
estate loans
Other loans:
 Commercial and        77,533         72,253         5,280      7
industrial
 Consumer              40,158         34,641         5,517      16
 Total other        117,691        106,894        10,797     10
loans
 Total loans      $ 707,456      $ 673,128      $ 34,328     5        %

Nonperforming assets ("NPAs"), which includes $8.2 million in assets covered
under loss sharing agreements with the FDIC ("Covered Assets") and $14.1
million acquired from GS Financial Corp. ("GSFC"), totaled $29.3 million at
December 31, 2013, an increase of $1.9 million compared to September 30, 2013
and an increase of $924,000 compared to December 31, 2012. The ratio of total
NPAs to total assets was 2.98% at December 31, 2013, compared to 2.85% at
September 30, 2013 and 2.95% at December 31, 2012. Excluding acquired assets,
the ratio of NPAs was 0.81% at December 31, 2013, compared to 0.69% at
September 30, 2013 and 0.62% at December 31, 2012.

The Company recorded net loan recoveries of $24,000 during the fourth quarter
of 2013, compared to net loan charge-offs of $84,000 and $70,000 in the third
quarter of 2013 and fourth quarter of 2012, respectively. The Company's
provision for loan losses for the fourth quarter of 2013 was $431,000,
compared to $453,000 for the third quarter of 2013 and $483,000 for the fourth
quarter of 2012. The provision for loan losses in the fourth quarter of 2013
relates primarily to loan growth and modest downgrades of certain loans in the
Company's organic loan portfolio.

The ratio of allowance for loan losses to total loans was 0.98% at December
31, 2013, compared to 0.95% and 0.79% at September 30, 2013 and December 31,
2012, respectively. Excluding acquired loans, the ratio of the allowance for
loan losses to total loans was 1.12% at December 31, 2013, compared to 1.09%
at September 30, 2013 and 1.01% at December 31, 2012. 

Investment Securities Portfolio

The Company's investment securities portfolio totaled $159.0 million at
December 31, 2013, a decrease of $1.4 million, or 1%, from September 30, 2013,
and an increase of $116,000, or 0.1%, from December 31, 2012. At December 31,
2013, the Company had a net unrealized gain position on its investment
securities portfolio of $300,000, compared to net unrealized gains of $1.1
million and $5.0 million at September 30, 2013 and December 31, 2012,
respectively. The investment securities portfolio had a modified duration of
4.2 years at December 31, 2013, compared to 4.7 and 3.7 years at September 30,
2013 and December 31, 2012, respectively.

Deposits

Total deposits were $741.3 million at December 31, 2013, a decrease of $24.5
million, or 3%, from September 30, 2013, and a decrease of $30.1 million, or
4%, from December 31, 2012. Certificate of deposits ("CD") declined as
higher-priced CDs matured. During the fourth quarter of 2013, core deposits
(i.e., checking, savings and money market accounts) decreased $7.6 million, or
1%, from September 30, 2013, and increased $30.4 million, or 6%, from December
31, 2012.

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

                         December 31,   December 31,   Increase / (Decrease)
(dollars in thousands)   2013           2012           Amount       Percent
Demand deposit         $ 174,475      $ 152,462      $ 22,013       14       %
Savings                  56,694         51,515         5,179        10
Money market             192,303        191,191        1,112        1
NOW                      125,391        123,294        2,097        2
Certificates of          192,449        252,967        (60,518)     (24)
deposit
 Total deposits $ 741,312      $ 771,429      $ (30,117)     (4)      %

Net Interest Income

Net interest income for the fourth quarter of 2013 totaled $10.0 million, a
decrease of $369,000, or 4%, compared to the third quarter of 2013, and a
decrease of $338,000, or 3%, compared to the fourth quarter of 2012. The
decline in net interest income in the fourth quarter of 2013 compared to the
third quarter of 2013 was due largely to a decline in loan interest income 
resulting primarily from lower average yields earned on loans covered under
loss sharing agreements with the FDIC ("Covered Loans").

The net interest margin was 4.60% for the fourth quarter of 2013, 19 basis
points lower than the third quarter of 2013 and 15 basis points lower than the
fourth quarter of 2012. The decrease in the net interest margin compared to
the third quarter of 2013 resulted primarily from lower-yielding new loans
originated during the fourth quarter and lower yields on the Covered Loan
portfolio. The decrease in net interest margin compared to the fourth quarter
of 2012 related primarily to lower yields on the loan portfolio (including
Covered Loans), which were partially offset by lower costs on interest bearing
liabilities.

The Covered Loan portfolio yielded 13.66% during the fourth quarter of 2013,
compared to 15.32% and 10.28% during the third quarter of 2013 and fourth
quarter of 2012, respectively. Excluding Covered Loans, the yield on loans
would have been 5.46% during the fourth quarter of 2013, compared to 5.72% and
6.28% during the third quarter of 2013 and fourth quarter of 2012,
respectively. A portion of the decline in interest income and yield on the
Covered Loan portfolio during the third and fourth quarters of 2013 was
primarily due to higher levels of FDIC loss sharing receivable asset ("FDIC
Asset") amortization during those periods. Amortization of the FDIC Asset
totaled $904,000 and $913,000 during the third and fourth quarters of 2013,
respectively. The increase in FDIC Asset amortization is the result of
improved cash flow expectations related to Covered Loans.

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
                   December 31, 2013    September 30, 2013     December 31, 2012
(dollars in        Average Average        Average Average        Average Average
thousands)         Balance Yield/Rate     Balance Yield/Rate     Balance Yield/Rate
Interest-earning
assets:
Loans receivable $ 685,034 5.73       % $ 676,639 6.07       % $ 673,428 6.28       %
Investment         157,820 2.18           157,352 2.10           149,294 2.09
securities (TE)
Other
interest-earning   23,734  0.47           27,293  0.47           41,057  0.43
assets
Total
interest-earning   866,588 4.94           861,284 5.17           863,779 5.28
assets
Interest-bearing
liabilities:
Deposits:
Savings,
checking, and      377,419 0.23           389,773 0.24           361,862 0.33
money market
Certificates of    199,392 0.83           215,745 0.90           257,750 1.04
deposit
Total
interest-bearing   576,811 0.44           605,518 0.48           619,612 0.63
deposits
FHLB advances      65,851  0.61           41,083  0.90           40,796  1.58
Total
interest-bearing $ 642,662 0.45         $ 646,601 0.51         $ 660,408 0.68
liabilities
Net interest               4.48       %           4.66       %           4.59       %
spread (TE)
Net interest               4.60       %           4.79       %           4.75       %
margin (TE)

Noninterest Income

Noninterest income for the fourth quarter of 2013 totaled $1.8 million, an
increase of $17,000, or 1%, compared to the third quarter of 2013 and a
decrease of $71,000, or 4%, compared to the fourth quarter of 2012. The
increase in noninterest income in the fourth quarter of 2013 compared to the
third quarter of 2013 resulted primarily from an increase in other income of
$108,000 (related to recoveries on the acquired GSFC loan portfolio), which
was partially offset by decreases in gains on the sale of mortgage loans (down
$51,000) and bank card fees (down $29,000).

The decrease in noninterest income in the fourth quarter of 2013 compared to
the fourth quarter of 2012 resulted primarily from decreases in gains on the
sale of mortgage loans (down $304,000), which was partially offset by
increases in service fees and charges (up $148,000) and other income of
$105,000.

Noninterest Expense

Noninterest expense for the fourth quarter of 2013 totaled $8.8 million, an
increase of $770,000, or 10%, compared to the third quarter of 2013 and an
increase of $459,000, or 6%, compared to the fourth quarter of 2012. The
increase in noninterest expense in the fourth quarter of 2013 compared to the
third quarter of 2013 resulted primarily from higher other expenses (up
$365,000 as a result of $147,000 in net deposit account charge-offs and other
loan fee expenses of $208,000), compensation and benefits (up $318,000),
professional services (up $219,000, which includes $285,000 related to the
acquisition of Britton & Koontz) and foreclosed asset expenses (up $195,000),
which was partially offset by lower franchise and share tax expense (down
$382,000 primarily from lower than anticipated Louisiana shares tax
payments).

The increase in noninterest expense in the fourth quarter 2013 compared to the
fourth quarter 2012 resulted primarily from higher professional services (up $
248,000, which includes $285,000 related to the acquisition of Britton &
Koontz), compensation and benefits (up $218,000), other expenses (up $179,000
primarily from net deposit account charge-offs), which were partially offset
by lower data processing and communication (down $168,000) and franchise and
share tax expense (down $65,000 primarily from lower than anticipated
Louisiana shares tax payments).

Non-GAAP Reconciliation

                                         Fourth Quarter Year Ended
(dollars in thousands)                   2013           December 31, 2013
Reported noninterest expense             $  8,774     $33,205
Less: Merger-related expenses            (307)          (307)
Non-GAAP noninterest expense             $  8,467     $32,898
Reported net income                      $   1,706   $ 7,294
Add: Merger-related expenses (after tax) 200            203
Non-GAAP net income                      $   1,906   $ 7,497
Diluted EPS                              $    0.25  $  1.06
Less: Merger-related expenses            0.03           0.03
Non-GAAP EPS                             $    0.28  $  1.09

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 the 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, 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
                      December 31,    December 31,    %         September 30,
                      2013            2012            Change    2013
Assets
Cash and cash         $  32,638,900  $  39,539,366  (17)   %  $  35,953,034
equivalents
Interest-bearing      2,940,000       3,529,000       (17)      3,185,000
deposits in banks
Investment securities
available for sale,   149,632,153     157,255,828     (5)       151,453,721
at fair value
Investment securities 9,404,790       1,665,184       465       8,965,112
held to maturity
Mortgage loans held   1,951,345       5,627,104       (65)      1,711,585
for sale
Loans covered by loss 21,673,808      45,764,397      (53)      23,723,936
sharing agreements
Noncovered loans, net 685,782,309     627,363,937     9         657,150,445
of unearned income
 Total loans      707,456,117     673,128,334     5         680,874,381
Allowance for loan    (6,918,009)     (5,319,235)     30        (6,462,841)
losses
 Total loans, net
of allowance for loan 700,538,108     667,809,099     5         674,411,540
losses
FDIC loss sharing     12,698,077      15,545,893      (18)      13,576,606
receivable
Office properties and 30,702,635      30,777,184      -         30,312,996
equipment, net
Cash surrender value
of bank-owned life    17,750,604      17,286,434      3         17,638,008
insurance
Accrued interest
receivable and other  25,984,346      23,891,172      9         24,688,760
assets
Total Assets          $ 984,240,958   $ 962,926,264   2         $ 961,896,362
Liabilities
Deposits              $ 741,312,416   $ 771,429,335   (4)    %  $ 765,810,312
Federal Home Loan     97,000,000      46,256,805      110       50,900,000
Bank advances
Accrued interest
payable and other     4,019,013       3,666,264       10        4,965,371
liabilities
Total Liabilities     842,331,429     821,352,404     3         821,675,683
Shareholders' Equity
Common stock          89,585          89,506          -      %  89,579
Additional paid-in    92,192,410      90,986,820      1         91,743,191
capital
Treasury stock        (28,011,398)    (21,719,954)    29        (28,003,896)
Common stock acquired (6,285,327)     (7,455,669)     (16)      (6,376,957)
by benefit plans
Retained earnings    83,729,144      76,435,222      10        82,023,494
Accumulated other     195,115         3,237,935       (94)      745,268
comprehensive income
Total Shareholders'   141,909,529     141,573,860     -         140,220,679
Equity
Total Liabilities and $ 984,240,958   $ 962,926,264   2         $ 961,896,362
Shareholders' Equity



HOME BANCORP, INC. AND SUBSIDIARY
CONDENSED STATEMENTS OF INCOME
              For The Three Months             For The Years Ended
              Ended
              December 31,          %         December 31,          %
              2013        2012        Change    2013        2012        Change
Interest
Income
Loans,        $           $                     $           $
including     9,956,749   10,734,365  (7)    %  40,535,633  42,797,878  (5)    %
fees
Investment    782,409     728,597     7         3,060,521   3,169,429   (3)
securities
Other
investments   28,278      43,951      (36)      124,355     154,820     (20)
and deposits
Total
interest      10,767,436  11,506,913  (6)       43,720,509  46,122,127  (5)
income
Interest
Expense
Deposits      633,361     974,361     (35)   %  3,043,982   4,227,495   (28)   %
Federal Home
Loan Bank     100,119     160,787     (38)      458,926     686,374     (33)
advances
Total
interest      733,480     1,135,148   (35)      3,502,908   4,913,869   (29)
expense
Net interest  10,033,956  10,371,765  (3)       40,217,601  41,208,258  (2)
income
Provision for 431,368     483,251     (11)      3,652,694   2,411,214   51
loan losses
Net interest
income after  9,602,588   9,888,514   (3)       36,564,907  38,797,044  (6)
provision for
loan losses
Noninterest
Income
Service fees  745,420     597,661     25     %  2,729,469   2,493,177   9      %
and charges
Bank card     416,661     399,282     4         1,730,960   1,795,960   (4)
fees
Gain on sale  264,111     567,804     (53)      1,553,598   1,963,365   (21)
of loans, net
Income from
bank-owned    112,595     128,487     (12)      464,170     515,260     (10)
life
insurance
Gain (loss)
on the sale
of            -           -           -         428,200     221,781     93
securities,
net
Discount
accretion of
FDIC loss     98,016      119,087     (18)      432,929     580,980     (25)
sharing
receivable
Other income  160,170     55,418      189       330,523     190,291     74
Total
noninterest   1,796,973   1,867,739   (4)       7,669,849   7,760,814   (1)
income
Noninterest
Expense
Compensation  5,335,859   5,118,250   4      %  20,329,834  19,687,444  3      %
and benefits
Occupancy     748,545     689,774     9         2,997,177   2,809,039   7
Marketing and 202,595     205,051     (1)       766,388     743,814     3
advertising
Data
processing    599,760     767,345     (22)      2,441,796   2,801,124   (13)
and
communication
Professional  436,747     189,175     131       1,060,656   890,205     19
fees
Forms,
printing and  100,126     100,006     -         429,888     477,924     (10)
supplies
Franchise and (108,765)   (43,458)    (150)     710,775     613,733     16
shares tax
Regulatory    221,908     224,673     (1)       889,967     854,041     4
fees
Foreclosed    286,163     292,584     (2)       522,903     1,051,397   (50)
assets, net
Other         951,281     772,207     23        3,055,312   2,834,336   8
expenses
Total
noninterest   8,774,219   8,315,607   6         33,204,696  32,763,057  1
expense
Income before
income tax    2,625,342   3,440,646   (24)      11,030,060  13,794,801  (20)
expense
Income tax    919,693     1,116,236   (18)      3,736,138   4,604,930   (19)
expense
Net income    $           $           (27)      $           $           (21)
              1,705,649   2,324,410            7,293,922  9,189,871
Earnings per  $        $       (24)   %  $       $       (17)   %
share - basic 0.26       0.34                 1.11       1.33
Earnings per  $        $                 $       $    
share -       0.25       0.33       (24)      1.06       1.28       (17)
diluted



HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY FINANCIAL INFORMATION
                  For The Three Months               For The
                  Ended                              Three
                  December 31,          %           Months       %
                                                      Ended
                  2013        2012        Change    September    Change
                                                      30, 2013
(dollars in
thousands except
per share data)
EARNINGS DATA
Total interest    $          $          (6)      %  $11,226       (4)      %
income            10,767      11,507
Total interest    733         1,135       (35)        823           (11)
expense
Net interest      10,034      10,372      (3)         10,403        (4)
income
Provision for     431         483         (11)        453           (5)
loan losses
Total noninterest 1,797       1,868       (4)         1,780         1
income
Total noninterest 8,774       8,316       6           8,003         10
expense
Income tax        920         1,116       (18)        1,244         (26)
expense
                  $         $                     $    
Net income        1,706       2,325       (27)                 (31)
                                                       2,483
AVERAGE BALANCE
SHEET DATA
Total assets      $ 962,611   $969,182    (1)      %  $958,560      -        %
Total
interest-earning  866,589     863,780     -           861,284       1
assets
Totals loans      685,034     673,428     2           676,639       1
Total
interest-bearing  576,811     619,612     (7)         605,518       (5)
deposits
Total
interest-bearing  642,662     660,408     (3)         646,601       (1)
liabilities
Total deposits    752,300     783,522     (4)         776,556       (3)
Total
shareholders'     141,516     141,457     -           139,060       2
equity
SELECTED RATIOS
^(1)
Return on average 0.71      % 0.96      % (26)     %  1.04       %  (32)     %
assets
Return on average 4.82        6.57        (27)        7.14          (32)
equity
Efficiency ratio  74.16       67.67       10          65.37         13
^(2)
Average equity to 14.70       14.60       1           14.51         1
average assets
Tier 1 leverage
capital           14.17       13.67       4           14.29         (1)
ratio^(3)
Total risk-based
capital           21.88       21.83       -           22.33         (2)
ratio^(3)
Net interest      4.60        4.73        (3)         4.79          (4)
margin ^(4)
PER SHARE DATA
Basic earnings    $         $         (24)     %  $0.38         (32)     %
per share         0.26       0.34
Diluted earnings  0.25        0.33        (24)        0.37          (32)
per share
Book value at     19.99       19.03       5           19.75         1
period end
Tangible book
value at period   19.72       18.73       5           19.47         1
end
PER SHARE DATA
Shares
outstanding at    7,099,314   7,439,127   (5)      %  7,099,164     -        %
period end
Weighted average
shares
outstanding
 Basic          6,481,679   6,770,286   (4)      %  6,481,911     -        %
 Diluted        6,800,604   7,086,561   (4)         6,768,578     -

^(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
^(4)        percentage of average interest-earning assets. Taxable equivalent
             yields are calculated using a marginal tax rate of 35%.



HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY CREDIT QUALITY INFORMATION
               December 31, 2013              September 30, 2013             December 31, 2012
               Covered  Noncovered  Total     Covered  Noncovered  Total     Covered  Noncovered  Total
(dollars in
thousands)
CREDIT
QUALITY^(1)
(2)
Nonaccrual     $ 5,081  $ 19,679    $         $5,807   $15,784     $         $9,579   $12,368     $
loans                               24,760                         21,591                         21,947
Accruing loans
past due 90    -        -           -         -        -           -         -        -           -
days and over
Total
nonperforming  5,081    19,679      24,760    5,807    15,784      21,591    9,579    12,368      21,947
loans
Foreclosed     3,160    1,406       4,566     3,064    2,786       5,850     2,683    3,771       6,454
assets
Total
nonperforming  8,241    21,085      29,326    8,871    18,570      27,441    12,262   16,139      28,401
assets
Performing
troubled debt  5        424         429       6        437         443       306      808         1,114
restructurings
Total
nonperforming
assets and                          $                              $         $                    $
troubleddebt  $ 8,246  $ 21,509    29,755    $ 8,877  $ 19,007    27,884    12,568   $ 16,947    29,515
restructurings
Nonperforming
assets to                           2.98   %                       2.85   %                       2.95   %
total assets
Nonperforming
loans to total                      2.52                           2.24                           2.28
assets
Nonperforming
loans to total                      3.50                           3.17                           3.26
loans
Allowance for
loan losses to                      23.59                          23.55                          18.73
nonperforming
assets
Allowance for
loan losses to                      27.94                          29.93                          24.24
nonperforming
loans
Allowance for
loan losses to                      0.98                           0.95                           0.79
total loans
Year-to-date                        $
loan                                2,155                         $2,135                         $2,325
charge-offs
Year-to-date
loan                                101                            58                             129
recoveries
Year-to-date                        $                              $                              $
net loan                            2,054                         2,077                         2,196
charge-offs
Annualized YTD
net loan                            0.29   %                       0.41   %                       0.33   %
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 repossessed assets. It is our
^(1)           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
^(2)           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 (337) 237-1960
 
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