Profile: Home Bancorp Inc (HBCP.O)
Home Bancorp, Inc. is the holding company for Home Bank (the Bank). The Bank is a federally chartered community-oriented savings bank. As of December 31, 2010, the Bank conducted business from 18 full-service banking locations and one loan production office in the Greater Lafayette, Baton Rouge 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. The Bank’s 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 single-family residential first mortgage loans, commercial real estate mortgage loans, other commercial loans, home equity loans and lines of credit, construction and land loans and other loans. The Bank originates residential home mortgage loans in its market area.
On March 12, 2010, the Company’s subsidiary, the Bank, acquired certain assets of Statewide Bank (Statewide), a full-service community bank. In March 2010, in Baton Rouge, Louisiana, the Company opened a full-service banking office. In July 2011, the Company acquired GS Financial Corp., the holding company of Guaranty Savings Bank of Metairie, Louisiana.
The Bank’s lending activities include loans secured by commercial real estate and other commercial loans. As of December 31, 2010, the largest outstanding balances of its commercial real estate loans and other commercial loans were $7.6 million and $2.6 million, respectively. In addition to commercial real estate and other commercial loans, the Bank holds a portfolio of construction and land loans. As of December 31, 2010, the Bank’s construction and land loans amounted to $57.5 million, or 13.1%, of its loan portfolio.
As of December 31, 2010, the Bank’s portfolio of investments included the United States agency mortgage-backed, Non-United States agency mortgage-backed 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.
Sources of Funds
The Company offers a variety 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 and certificate of deposit accounts. As of December 31, 2010, total deposits were $553.2 million.
Home Bancorp Inc
503 Kaliste Saloom Road
LAFAYETTE LA 70508