Profile: Home Bancorp Inc (HBCP.O)
25 Jul 2016
Home Bancorp, Inc., incorporated on May 1, 2008, is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through approximately 30 banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi. The Bank is engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bank originates loans, including one- to four-family first mortgage loans, home equity loans and lines, construction and land loans, multi-family residential loans and consumer loans.
The Bank has four main market areas across south Louisiana: Greater Lafayette, Baton Rouge, Greater New Orleans and the Northshore (of Lake Pontchartrain). Its two main market areas in west Mississippi: Natchez and Vicksburg. It operates approximately three banking offices in Baton Rouge. The Bank operates over six banking offices in the Northshore region. The Bank operates approximately seven banking offices in the Greater New Orleans area. The Bank operates over three banking offices in Natchez and approximately two banking offices in Vicksburg.
The Bank's lending activities include loans secured by commercial real estate loans, and commercial and industrial loans. The outstanding balances of the Bank's commercial real estate loans and commercial and industrial loans are approximately $12.3 million and approximately $3.8 million, respectively. In addition to commercial real estate and commercial and industrial loans, the Bank holds a portfolio of construction and land loans. The Bank's construction and land loans amounts approximately $116.8 million or approximately 9.5% of its loan portfolio. Its total loans are approximately $1,224.36 million.
The Bank's portfolio of include the United States agency mortgage-backed, non-United States agency mortgage-backed, municipal bonds and the United States Government agency. The Bank's investment securities portfolio includes approximately 10 non-agency mortgage-backed securities with an amortized cost and fair value of approximately $6.1 million. The Bank's investment securities total over $190.7 million.
Sources of Funds
Deposits, loan repayments and prepayments, proceeds from investment securities sales, calls, maturities and paydowns, cash flows generated from operations and Federal Home Loan Bank (FHLB) advances are the Bank's main, ongoing sources of funds for use in lending, investing and for other general purposes. The Bank offers a range of deposit accounts with a range of interest rates and terms. Its deposits consist of checking, both interest-bearing and noninterest-bearing, money market, savings, demand, negotiable order of withdrawal (NOW) and certificate of deposit accounts. Its total deposits are approximately $1.2 billion.
Home Bancorp Inc
503 Kaliste Saloom Rd
LAFAYETTE LA 70508-4203