Profile: Home Bancorp Inc (HBCP.O)
17 Apr 2014
Home Bancorp, Inc., incorporated on May 1, 2008, is a holding company for Home Bank (the Bank). The Bank is a federally chartered community-oriented savings bank. The Bank conducts business through 22 banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Ponchartrain) regions of south Louisiana. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. Its principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources, such as the Federal Home Loan Bank (FHLB) of Dallas. These funds are primarily used for the origination of loans, including one-to-four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multi-family residential loans, commercial and industrial loans and consumer loans. In February 2014, Home Bancorp Inc completed the acquisition of Britton & Koontz Capital Corporation.
The Bank’s lending activities include loans secured by commercial real estate and commercial and industrial loans. As of December 31, 2012, the largest outstanding balances of its commercial real estate loans and commercial and industrial loans were $9.9 million and $5.4 million. In addition to commercial real estate and commercial and industrial loans, Home Bank holds a portfolio of construction and land loans. As of December 31, 2012, Home Bank’s construction and land loans amounted to $75.5 million, or 11.2% of its loan portfolio.
As of December 31, 2012, the Bank’s portfolio of investments included the United States agency mortgage-backed, Non-United States agency mortgage-backed, Municipal bonds, and the United States Government agency. The Company holds no Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) preferred stock, equity securities, corporate bonds, trust preferred securities, hedge fund investments, collateralized debt obligations or structured investment vehicles. As of December 31, 2012, its investment securities portfolio included 14 non-agency mortgage-backed securities.
Sources of Funds
Deposits, loan repayments and prepayments, proceeds from investment securities sales, calls, maturities and paydowns, cash flows generated from operations and FHLB advances are the Company’s primary, ongoing sources of funds. Its deposits consist of checking, both interest-bearing and noninterest-bearing, money market, savings and certificate of deposit accounts. As of December 31, 2012, its deposits were $771.4 million.
Home Bancorp Inc
503 Kaliste Saloom Road
LAFAYETTE LA 70508