Home Bancorp Announces 2014 First Quarter Results

              Home Bancorp Announces 2014 First Quarter Results

PR Newswire

LAFAYETTE, La., April 29, 2014

LAFAYETTE, La., April 29, 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 $1.4 million for
the first quarter of 2014, a decrease of $272,000, or 16%, compared to the
fourth quarter of 2013 and a decrease of $428,000, or 23%, compared to the
first quarter of 2013. The first quarter of 2014 includes $2.0 million of
pre-tax merger expenses compared to $307,000 in the fourth quarter of 2013
related to the acquisition of Britton & Koontz Capital Corporation ("Britton &
Koontz"). Excluding merger-related expenses, net income for the first quarter
of 2014 was $2.8 million, representing as increase of 46% and 50% compared to
the fourth quarter of 2013 and the first quarter of 2013, respectively.

Home Bank Logo.

Diluted earnings per share were $0.21 for the first quarter of 2014, a
decrease of $0.04, or 16%, compared to the fourth quarter of 2013 and a
decrease of $0.05, or 19%, compared to the first quarter of 2013. Excluding
merger-related expenses, diluted earnings per share were $0.41 for the first
quarter of 2014, an increase of 46% and 58% compared to the fourth quarter of
2013 and the first quarter of 2013, respectively.

"Our earnings engine picked up substantial momentum during the quarter with
the completion of our acquisition of Britton & Koontz Bank," stated John W.
Bordelon, President and Chief Executive Officer of the Company and the Bank.
"We also continue to see strong economic activity in many of our markets,
which is driving organic commercial loan growth."

"During the quarter, we achieved a significant milestone in crossing the $1
billion asset threshold," added Mr. Bordelon. "On behalf of our Board of
Directors, I extend a sincere thank you to our employees, customers and
shareholders for playing such a vital role in this achievement." 

Acquisition of Britton & Koontz

On February 14, 2014, the Company completed its acquisition of Britton &
Koontz, the former holding company of Britton & Koontz Bank, N.A. ("Britton &
Koontz Bank") of Natchez, Mississippi. Shareholders of Britton & Koontz
received $16.14 per share in cash, yielding an aggregate purchase price of
$34,515,000. As a result of the acquisition, five former Britton & Koontz
Bank branches in west Mississippi were added to Home Bank's branch office
network. Two former Britton & Koontz Bank locations in Baton Rouge were
consolidated into existing Home Bank locations.

The assets and liabilities from Britton & Koontz were recorded at their
estimated fair values as of the acquisition date. Such fair values are
preliminary estimates and are subject to adjustment for up to one year after
the acquisition date.A summary of the assets and liabilities acquired and
estimated fair value adjustments follows.

                                    As of February 14, 2014
(in thousands)                      Britton &    Fair Value     As recorded by
                                    Koontz       Adjustments    Home Bancorp
Assets
Cash and cash equivalents           $   15,342 $      -  $   15,342
Investment securities available for 96,952       1,033          97,985
sale
Loans                               170,083      (7,107)        162,976
Real estate owned                   2,699        (871)          1,828
Office properties and equipment,    6,566        (925)          5,641
net
Core deposit intangible             -            3,030          3,030
Other assets                        9,212        2,722          11,934
Total assets acquired               300,854      (2,118)        298,736
Liabilities
Deposits:
Noninterest-bearing                 $   59,575 $      - $   59,575
Interest-bearing                    156,839      186            157,025
Total deposits                      216,414      186            216,600
Federal Home Loan Bank ("FHLB")     9,149        103            9,252
advances
Other borrowings                    26,315       976            27,291
Other liabilities                   11,125       15             11,140
Total liabilities assumed           $  263,003  $  1,280     $  264,283
Excess of assets acquired over                                  34,453
liabilities assumed
Cash consideration paid                                         (34,515)
Total goodwill recorded                                         $     62

Loans and Credit Quality

Loans totaled $880.1 million at March 31, 2014, an increase of $172.6 million,
or 24%, from December 31, 2013, and an increase of $201.5 million, or 30%,
from March 31, 2013. Growth in the loan portfolio was primarily driven by the
acquisition of Britton & Koontz, which added $163.0 million in loans at
acquisition date. During the first quarter, organic loan growth was related
primarily to commercial real estate (up $14.8 million) and construction and
land (up $12.5 million) loans, which were partially offset by a decline in
commercial and industrial loans (down $6.5 million). 

The following table sets forth the composition of the Company's loan portfolio
as of the dates indicated.

                              March 31,   December 31,   Increase/(Decrease)
(dollars in thousands)        2014        2013           Amount    Percent
Real estate loans:
 One- to four-family    $ 223,195   $ 179,506      $ 43,689    24        %
first mortgage
 Home equity loans and    54,423      40,561         13,862    34
lines
 Commercial real estate   335,183     269,849        65,334    24
 Construction and land    115,462     83,271         32,191    39
 Multi-family             20,945      16,578         4,367     26
residential
 Total real estate     749,208     589,765        159,443   27
loans
Other loans:
 Commercial and           87,111      77,533         9,578     12
industrial
 Consumer                 43,763      40,158         3,605     9
 Total other loans     130,874     117,691        13,183    11
 Total loans         $ 880,082   $ 707,456      $ 172,626   24        %

Nonperforming assets ("NPAs"), which include $7.9 million in assets covered
under loss sharing agreements with the FDIC ("Covered Assets") and $13.5
million acquired from GS Financial Corp. ("GSFC") and $2.1 million acquired
from Britton & Koontz (collectively "Non-covered Acquired Assets"), totaled
$28.2 million at March 31, 2014, a decrease of $1.2 million compared to
December 31, 2013 and a decrease of $2.3 million compared to March 31, 2013.
The ratio of total NPAs to total assets was 2.27% at March 31, 2014, compared
to 2.98% at December 31, 2013 and 3.12% at March 31, 2013. Excluding acquired
assets, the ratio of NPAs was 0.49% at March 31, 2014, compared to 0.81% at
December 31, 2013 and 0.80% at March 31, 2013.

The Company recorded net loan recoveries of $41,000 during the first quarter
of 2014, compared to net loan recoveries of $24,000 and net loan charge-offs
of $165,000 in the fourth and first quarters of 2013, respectively. The
Company's provision for loan losses for the first quarter of 2014 was
$145,000, compared to $431,000 and $520,000 for the fourth and first quarters
of 2013, respectively.

The ratio of allowance for loan losses to total loans was 0.81% at March 31,
2014, compared to 0.98% and 0.84% at December 31, 2013 and March 31, 2013,
respectively. Excluding acquired loans, the ratio of the allowance for loan
losses to total loans was 1.10% at March 31, 2014, compared to 1.12% and 1.05%
at December 31, 2013 and March 31, 2013, respectively. 

Investment Securities Portfolio

The Company's investment securities portfolio totaled $193.1 million at March
31, 2014, an increase of $34.0 million, or 21%, from December 31, 2013, and an
increase of $33.3 million, or 21%, from March 31, 2013. The increase resulted
primarily from securities acquired from Britton & Koontz. The Company
acquired $98.0 million at the date of acquisition, and subsequently sold $65.1
million of the acquired investments during the first quarter. At March 31,
2014, the Company had a net unrealized gain position on its investment
securities portfolio of $1.0 million, compared to net unrealized gains of
$300,000 and $4.6 million at December 31, 2013 and March 31, 2013,
respectively. The investment securities portfolio had a modified duration of
4.1 years at March 31, 2014, compared to 4.2 and 3.7 years at December 31,
2013 and March 31, 2013, respectively.

Deposits

Total deposits were $987.4 million at March 31, 2014, an increase of $246.1
million, or 33%, from December 31, 2013, and an increase of $206.0 million, or
26%, from March 31, 2013. The acquisition of Britton & Koontz added $216.6
million in deposits during the first quarter. During the first quarter of
2014, core deposits (i.e., checking, savings and money market accounts)
increased $193.3 million, or 35%, from December 31, 2013, and increased $200.8
million, or 37%, from March 31, 2013. Core deposits acquired from Britton &
Koontz totaled $151.9 million at acquisition date. 

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

                          March 31,   December 31,   Increase / (Decrease)
(dollars in thousands)    2014        2013           Amount     Percent
Demand deposit          $ 253,866   $ 174,475      $ 79,391     46         %
Savings                   80,414      56,694         23,720     42
Money market              218,601     192,303        26,298     14
NOW                       189,297     125,391        63,906     51
Certificates of deposit   245,207     192,449        52,758     27
 Total deposits  $ 987,385   $ 741,312      $ 246,073    33         %

Net Interest Income

Net interest income for the first quarter of 2014 totaled $11.8 million, an
increase of $1.8 million, or 18%, compared to the fourth quarter of 2013, and
an increase of $2.0 million, or 20%, compared to the first quarter of 2013.
The addition of Britton & Koontz's earning assets accounted for the vast
majority of the increase. The Company's net interest margin was 4.72% for the
first quarter of 2014, 12 basis points higher than the fourth quarter of 2013
and nine basis points higher than the first quarter of 2013. The increase in
the net interest margin was primarily the result of the impact of Britton &
Koontz's interest-earning assets and interest-bearing liabilities and the
recovery of non-accrual interest and fees during the first quarter of 2014,
which totaled approximately $287,000. The Covered Loan portfolio yielded
11.35% during the first quarter of 2014, compared to 13.66% and 10.97% during
the fourth and first quarter of 2013, respectively. 

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
                   March 31, 2014           December 31, 2013      March 31, 2013
(dollars in        Average   Average        Average Average        Average Average
thousands)         Balance   Yield/Rate     Balance Yield/Rate     Balance Yield/Rate
Interest-earning
assets:
Loans receivable $ 793,509   5.81       % $ 685,034 5.73       % $ 675,435 5.98       %
Investment         190,016   2.47           157,820 2.18           153,958 2.15
securities (TE)
Other
interest-earning   31,166    0.41           23,734  0.47           28,753  0.44
assets
Total
interest-earning   1,014,691 5.02           866,588 4.94           858,146 5.11
assets
Interest-bearing
liabilities:
Deposits:
Savings,
checking, and      423,213   0.23           377,419 0.23           369,594 0.30
money market
Certificates of    219,226   0.71           199,392 0.83           245,421 1.01
deposit
Total
interest-bearing   642,439   0.39           576,811 0.44           615,015 0.58
deposits
Other borrowings   14,031    0.48           -       -              -       -
FHLB advances      109,625   0.42           65,851  0.61           41,243  1.39
Total
interest-bearing $ 766,095   0.40         $ 642,662 0.45         $ 656,258 0.63
liabilities
Net interest                 4.62       %           4.48       %           4.48       %
spread (TE)
Net interest                 4.72       %           4.60       %           4.63       %
margin (TE)

Noninterest Income

Noninterest income for the first quarter of 2014 totaled $1.7 million, a
decrease of $141,000, or 8%, compared to the fourth quarter of 2013 and a
decrease of $160,000, or 9%, compared to the first quarter of 2013. The
decrease in noninterest income in the first quarter of 2014 compared to the
fourth quarter of 2013 resulted primarily from declines in other income of
$116,000 (related to recoveries on the acquired GFSC loan portfolio during the
fourth quarter of 2013) and gains on the sale of mortgage loans (down
$102,000), which were offset by increases in service fees and charges and bank
card fees as a result of the Britton & Koontz acquisition.

The decrease in noninterest income in the first quarter of 2014 compared to
the first quarter of 2013 resulted primarily from decreases in gains on the
sale of mortgage loans (down $387,000), which was partially offset by
increases in service fees and charges (up $214,000) and bank card fees (up
$42,000).

Noninterest Expense

Noninterest expense for the first quarter of 2014 totaled $11.3 million, an
increase of $2.5 million, or 28%, compared to the fourth quarter of 2013 and
an increase of $2.9 million, or 35%, compared to the first quarter of 2013.
Noninterest expense includes $2.0 million and $307,000 of expenses related to
the acquisition of Britton & Koontz in the first quarter of 2014 and fourth
quarter of 2013, respectively. Such merger-related expenses include
professional fees, data conversion and severance and other employee costs
associated with the merger and related systems conversion. Excluding
merger-related expenses, noninterest expense for the first quarter of 2014
totaled $9.3 million, an increase of $835,000, or 10%, compared to the fourth
quarter of 2013 and an increase of $969,000, or 12%, compared to the first
quarter of 2013. The increases primarily relate to the growth of the Company 
due to the addition of Britton & Koontz branches and employees.

Non-GAAP Reconciliation

                               For the Three Months Ended
(dollars in thousands)         March 31, 2014 December 31, 2013 March 31, 2013
Reported noninterest expense   $  11,257     $  8,774        $ 8,333
Less: Merger-related expenses  (1,955)        (307)             -
Non-GAAP noninterest expense   $  9,302     $  8,467        $ 8,333
Reported net income            $  1,433     $  1,706        $ 1,862
Add: Merger-related expenses   1,357          200               -
(after tax)
Non-GAAP net income            $  2,791     $  1,906        $ 1,862
Diluted EPS                    $   0.21    $   0.25       $  0.26
Add: Merger-related expenses   0.20           0.03              -
Non-GAAP EPS                   $   0.41    $   0.28       $  0.26

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, 2013, 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
                      March 31,        March 31,       %         December 31,
                      2014             2013            Change    2013
Assets
Cash and cash         $              $  48,271,579  19     %  $ 
equivalents           57,221,018                                 32,638,900
Interest-bearing      6,763,000        3,529,000       92        2,940,000
deposits in banks
Investment securities
available for sale,   182,344,248      158,264,273     15        149,632,153
at fair value
Investment securities 10,715,225       1,463,543       632       9,404,790
held to maturity
Mortgage loans held   5,465,256        4,373,926       25        1,951,345
for sale
Loans covered by loss 18,579,128       41,533,637      (55)      21,673,808
sharing agreements
Noncovered loans, net 861,503,175      637,044,534     35        685,782,309
of unearned income
 Total loans      880,082,303      678,578,171     30        707,456,117
Allowance for loan    (7,104,476)      (5,674,179)     25        (6,918,009)
losses
 Total loans, net
of allowance for loan 872,977,827      672,903,992     30        700,538,108
losses
FDIC loss sharing     10,069,092       15,658,092      (36)      12,698,077
receivable
Office properties and 36,791,667       30,540,350      20        30,702,635
equipment, net
Cash surrender value
of bank-owned life    18,815,588       17,405,985      8         17,750,604
insurance
Accrued interest
receivable and other  38,009,342       24,614,631      54        25,984,346
assets
Total Assets          $ 1,239,172,263  $ 977,025,371   27        $ 984,240,958
Liabilities
Deposits              $               $ 781,335,468   26     %  $ 741,312,416
                      987,384,843
Securities sold under 20,878,331       -                         -
repurchase agreement
Federal Home Loan     81,302,244       49,346,176      65        97,000,000
Bank advances
Accrued interest
payable and other     5,231,598        3,225,771       62        4,019,013
liabilities
Total Liabilities     1,094,797,016    833,907,415     31        842,331,429
Shareholders' Equity
Common stock          89,588           89,534          -      %  89,585
Additional paid-in    92,655,484       91,458,193      1         92,192,410
capital
Treasury stock        (28,015,546)     (22,390,786)    25        (28,011,398)
Common stock acquired (6,196,057)      (7,358,139)     (16)      (6,285,327)
by benefit plans
Retained earnings    85,162,600       78,297,156      9         83,729,144
Accumulated other     679,178          3,021,998       (78)      195,115
comprehensive income
Total Shareholders'   144,375,247      143,117,956     1         141,909,529
Equity
Total Liabilities and $ 1,239,172,263  $ 977,025,371   27        $ 984,240,958
Shareholders' Equity

HOME BANCORP, INC. AND SUBSIDIARY
CONDENSED STATEMENTS OF INCOME
                    For The Three Months               For The
                    Ended                              Three
                    March 31,               %         Months       %
                                                        Ended
                    2014         2013         Change    December     Change
                                                        31, 2013
Interest Income
Loans, including    $ 11,484,445 $        14     %  $        15     %
fees                             10,072,750              9,956,749
Investment          1,050,846    771,050      36        782,409       34
securities
Other investments   31,158       31,306       -         28,278        10
and deposits
Total interest      12,566,449   10,875,106   16        10,767,436    17
income
Interest Expense
Deposits            622,565      881,014      (29)   %  633,361       (2)    %
Securities sold
under repurchase    16,675       -            -         -             -
agreements
Federal Home Loan   116,211      143,679      (19)      100,119       16
Bank advances
Total interest      755,451      1,024,693    (26)      733,480       3
expense
Net interest income 11,810,998   9,850,413    20        10,033,956    18
Provision for loan  145,016      520,392      (72)      431,368       (66)
losses
Net interest income
after provision for 11,665,982   9,330,021    25        9,602,588     21
loan losses
Noninterest Income
Service fees and    796,093      582,542      37     %  745,420       7      %
charges
Bank card fees      455,984      414,392      10        416,661       9
Gain on sale of     161,862      548,419      (70)      264,111       (39)
loans, net
Income from
bank-owned life     110,641      119,551      (7)       112,595       (2)
insurance
Gain (loss) on the
sale of securities, 1,826        -            -         -             -
net
Discount accretion
of FDIC loss        85,167       112,199      (24)      98,016        (13)
sharing receivable
Other income        44,406       39,371       13        160,170       (72)
Total noninterest   1,655,979    1,816,474    (9)       1,796,973     (8)
income
Noninterest Expense
Compensation and    6,794,808    5,096,218    33     %  5,335,859     27     %
benefits
Occupancy           1,014,330    831,253      22        882,104       15
Marketing and       207,241      239,195      (13)      202,595       2
advertising
Data processing and 1,371,823    641,515      114       599,760       129
communication
Professional fees   487,110      212,746      129       436,747       12
Forms, printing and 161,920      106,773      52        100,126       62
supplies
Franchise and       184,385      273,620      (33)      (108,765)     270
shares tax
Regulatory fees     228,377      223,249      2         221,908       3
Foreclosed assets,  361,885      177,943      103       286,163       26
net
Other expenses      445,167      530,000      (16)      817,722       (46)
Total noninterest   11,257,046   8,332,512    35        8,774,219     28
expense
Income before       2,064,915    2,813,983    (27)      2,625,342     (21)
income tax expense
Income tax expense  631,460      952,049      (34)      919,693       (31)
Net income          $ 1,433,455 $       (23)      $        (16)
                                 1,861,934               1,705,649
Earnings per share  $        $                 $     
- basic             0.22           0.28  (21)   %           (15)   %
                                                        0.26
Earnings per share  $        $                 $     
- diluted           0.21           0.26  (19)               (16)
                                                        0.25

HOME BANCORP, INC. AND SUBSIDIARY
SUMMARY FINANCIAL INFORMATION
                  For The Three Months               For The
                  Ended                              Three
                  March 31,             %           Months      %
                                                      Ended
                  2014        2013        Change    December    Change
                                                      31, 2013
(dollars in
thousands except
per share data)
EARNINGS DATA
Total interest    $         $10,875     16       %  $10,767      17       %
income            12,566
Total interest    756         1,025       (26)        733          3
expense
Net interest      11,810      9,850       20          10,034       18
income
Provision for     145         520         (72)        431          (66)
loan losses
Total noninterest 1,656       1,817       (9)         1,797        (8)
income
Total noninterest 11,257      8,333       35          8,774        28
expense
Income tax        631         952         (34)        920          (31)
expense
                  $        $                     $    
Net income        1,433       1,862       (23)                (16)
                                                      1,706
AVERAGE BALANCE
SHEET DATA
Total assets      $           $961,542    16       %  $962,611     16       %
                  1,118,361
Total
interest-earning  1,014,691   858,146     18          866,589      17
assets
Totals loans      793,509     675,435     17          685,034      16
Total
interest-bearing  642,439     615,015     4           576,811      11
deposits
Total
interest-bearing  766,095     656,258     17          642,662      19
liabilities
Total deposits    851,861     775,937     10          752,300      13
Total
shareholders'     141,327     143,113     (1)         141,516      -
equity
SELECTED RATIOS
^(1)
Return on average 0.51      % 0.77      % (34)     %  0.71      %  (28)     %
assets
Return on average 4.06        5.20        (22)        4.82         (16)
equity
Efficiency ratio  83.59       71.42       17          74.16        13
^(2)
Average equity to 12.64       14.88       (15)        14.70        (14)
average assets
Tier 1 leverage
capital           11.01       13.70       (20)        14.17        (22)
ratio^(3)
Total risk-based
capital           17.06       22.11       (23)        21.88        (22)
ratio^(3)
Net interest      4.72        4.63        2           4.60         3
margin ^(4)
PER SHARE DATA
Basic earnings    $        $0.28       (21)     %  $0.26        (15)     %
per share         0.22
Diluted earnings  0.21        0.26        (19)        0.25         (16)
per share
Book value at     20.31       19.33       5           19.99        2
period end
Tangible book
value at period   19.63       19.03       3           19.72        -
end
PER SHARE DATA
Shares
outstanding at    7,099,414   7,405,767   (4)      %  7,099,314    -        %
period end
Weighted average
shares
outstanding
 Basic          6,490,820   6,668,780   (3)      %  6,481,679    -        %
 Diluted        6,890,803   7,019,572   (2)         6,800,604    1

^(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
               March 31, 2014               December 31, 2013            March 31, 2013
               Covered Noncovered Total     Covered Noncovered Total     Covered Noncovered Total
(dollars in
thousands)
CREDIT
QUALITY^(1)
(2)
Nonaccrual     $       $ 16,937   $         $       $ 19,679   $         $       $ 15,225   $
loans          5,084              22,021    5,081              24,760    8,105             23,330
Accruing loans
past due 90    -       -          -         -       -          -         -       -          -
days and over
Total
nonperforming  5,084   16,937     22,021    5,081   19,679     24,760    8,105   15,225     23,330
loans
Foreclosed     2,782   3,358      6,140     3,160   1,406      4,566     3,517   3,612      7,129
assets
Total
nonperforming  7,866   20,295     28,161    8,241   21,085     29,326    11,622  18,837     30,459
assets
Performing
troubled debt  5       140        145       5       424        429       297     482        779
restructurings
Total
nonperforming  $                  $         $                  $         $                  $
assets and     7,871   $ 20,435   28,306    8,246   $ 21,509   29,755    11,919  $ 19,319   31,238
troubleddebt
restructurings
Nonperforming
assets to                         2.27   %                     2.98   %                     3.12   %
total assets
Nonperforming
loans to total                    1.78                         2.52                         2.39
assets
Nonperforming
loans to total                    2.50                         3.50                         3.44
loans
Allowance for
loan losses to                    25.23                        23.59                        18.63
nonperforming
assets
Allowance for
loan losses to                    32.26                        27.94                        24.32
nonperforming
loans
Allowance for
loan losses to                    0.81                         0.98                         0.84
total loans
Year-to-date                      $                          $                            $  
loan                               31                         2,155                       189
charge-offs
Year-to-date
loan                              72                           101                          24
recoveries
Year-to-date
net loan                          $                          $                            $  
charge-offs                       (41)                         2,054                       165
(recoveries)
Annualized YTD
net loan                          -      %                     0.29   %                     0.10   %
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".

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SOURCE Home Bancorp, Inc.

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