Home Bancorp Announces 2009 Second Quarter Earnings

LAFAYETTE, La., July 29 /PRNewswire-FirstCall/ -- 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 second quarter of 2009, an increase of $334,000, or 30%, compared to the second quarter of 2008 and a decrease of $287,000, or 17%, compared to the first quarter of 2009. Diluted earnings per share were $0.18 for the second quarter of 2009, a decrease of 14% from the $0.21 per share reported for the first quarter of 2009. Net income for the first six months of 2009 was $3.2 million, an increase of $1.0 million, or 49%, compared to the first six months of 2008. Second quarter 2009 results include the impact of the FDIC's special assessment of $132,000 (after tax), or $0.02 per diluted share.

The Company completed its initial public stock offering ("IPO") on October 2, 2008 and began trading on the Nasdaq Global Market on October 3, 2008. Therefore, no shares were outstanding in the first six months of 2008.

"We continue to owe our strong results to the hard work of our employees," stated John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. "Their dedication to serving our customers produces new customer opportunities daily."

"Home Bank's commitment to our customers and strong capital base, which remains among the best in the country, gives the communities we serve confidence we will be there for them even through tough times," added Mr. Bordelon.

The Company's common stock was added to the Russell 3000 Index in June 2009. The index measures the performance of the 3,000 largest companies in the United States based on market capitalization.

Loans and Credit Quality

Loans totaled $342.7 million at June 30, 2009, an increase of $27.5 million, or 9%, from June 30, 2008, and an increase of $6.3 million, or 2%, from March 31, 2009. The Company's loan mix continues to change as commercial loan balances have grown, while 1-4 family mortgage loan balances continue to decrease.

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

    -------------------------------------------------------------------------
                                  June 30,  December 31,  Increase (Decrease)
    (dollars in thousands)          2009       2008        Amount    Percent
    -------------------------------------------------------------------------
    Real estate loans:
       One- to four-family
        first mortgage            $126,156   $138,173     $(12,017)    (9)%
       Home equity loans
        and lines                   23,676     23,127          549      2
       Commercial real estate       95,563     84,096       11,467     14
       Construction and land        39,868     35,399        4,469     13
       Multi-family residential      6,303      7,142         (839)   (12)
    -------------------------------------------------------------------------
         Total real estate loans   291,566    287,937        3,629      1
    -------------------------------------------------------------------------
    Other loans:
       Commercial                   36,608     34,434        2,174      6
       Consumer                     14,485     13,197        1,288     10
    -------------------------------------------------------------------------
            Total other loans       51,093     47,631        3,462      7
    -------------------------------------------------------------------------
            Total loans           $342,659   $335,568       $7,091      2%
    =========================================================================

Commercial real estate loan growth during 2009 has primarily been driven by loans on owner-occupied office buildings in the Bank's market areas. Construction and land loan growth during the year is primarily attributable to loans to builders on pre-sold single-family residential properties in the Bank's market areas. Non-real-estate commercial loan growth in 2009 relates primarily to equipment and accounts receivable financing provided to relatively small businesses located in south Louisiana.

Net loan charge-offs for the first six months of 2009 were $6,000, compared to $5,000 for the same period in 2008. Non-performing assets totaled $2.4 million, or 0.46%, of total assets at June 30, 2009, compared to $836,000 and $2.5 million at June 30, 2008 and March 31, 2009, respectively. The Company increased its provision for loan losses to $248,000 during the second quarter of 2009, compared to provisions of $99,000 and $174,000 during the second quarter of 2008 and the first quarter of 2009, respectively.

As of June 30, 2009, the allowance for loan losses as a percentage of total loans was 0.88%, compared to 0.75% at June 30, 2008 and 0.83% at March 31, 2009.

Investment Securities Portfolio

The Company's investment securities portfolio totaled $113.3 million at June 30, 2009, an increase of $44.4 million, or 64%, from June 30, 2008, and a decrease of $2.9 million, or 2%, from March 31, 2009. The increase from June 30, 2008 was the result of the Company's investment of a portion of the $87.2 million in net IPO proceeds received in the fourth quarter of 2008. At June 30, 2009, the Company had an unrealized loss position on its investment securities portfolio of $4.9 million, compared to unrealized losses of $1.1 million and $7.2 million at June 30, 2008 and March 31, 2009, respectively. The unrealized loss relates primarily to the Company's non-agency mortgage-backed securities holdings, which amounted to $48.4 million, or 9% of total assets, at June 30, 2009.

The following table summarizes the Company's non-agency mortgage-backed securities portfolio as of June 30, 2009 (in thousands).

    --------------------------------------------------------------------------
    Collateral   Tranche          S&P Rating     # of    Amortized  Unrealized
                                               Securities   Cost   Gain/(Loss)

     Prime    Super senior           AAA           5       $11,904    $(521)
     Prime    Super senior      Investment         1         1,776     (398)
                                  grade (1)
     Prime    Super senior    Below investment     1         1,111     (466)
                                    grade
     Prime      Senior               AAA (2)      11        25,571   (3,464)
     Prime    Senior support      Investment       3         3,510     (492)
                                   grade (1)
     Prime    Senior support  Below investment     1           544       47
                                    grade
     Alt-A      Senior               AAA           1         1,130       26
     Alt-A      Senior        Below investment     1         1,974     (987)
                                  grade (3)
     Alt-A    Senior support  Below investment     1           842      (98)
                                   grade
    --------------------------------------------------------------------------
       Total non-agency mortgage-backed
         securities                               25       $48,362  $(6,353)
    ==========================================================================

    (1) S&P investment-grade ratings below "AAA".
    (2) Includes one security with an amortized cost of $2.1 million and an
        unrealized loss of $32,000 not rated by S&P.  This security is rated
        "Aaa" by Moody's.
    (3) This security is not rated by S&P.  This security is rated "Caa2" by
        Moody's.

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.

Cash Invested at Other ATM Locations

Home Bank maintains contracts with two counterparties to provide cash for ATMs at approximately 1,300 locations throughout the United States. Cash invested at other ATM locations totaled $25.8 million at June 30, 2009, a decrease of $26,000 from June 30, 2008, and an increase of $1.5 million from March 31, 2009. The Bank's contracts with its ATM counterparties, which were set to expire during the second quarter of 2009, were extended for approximately 90 days to assist the counterparties in transitioning their business to other financial institutions. The Bank expects to receive all cash invested at other ATM locations back from the counterparties in 2009.

Deposits

Deposits totaled $371.6 million at June 30, 2009, an increase of $15.9 million, or 4%, from June 30, 2008, and a decrease of $3.5 million, or 1%, from March 31, 2009. The Company has continued to focus on growing its core deposit base (i.e., checking, savings and money market accounts), which has increased $11.6 million, or 6%, during the first half of 2009.

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

    ------------------------------------------------------------------------
                               June 30,   December 31, Increase   (Decrease)
    (dollars in thousands)       2009        2008      Amount       Percent
    ------------------------------------------------------------------------

     Demand deposit            $64,929      $67,047   $(2,118)         (3)%
     Savings                    21,694       19,741     1,953          10
     Money market               79,997       68,850    11,147          16
     NOW                        42,857       42,200       657           2
     Certificates of deposit   162,154      156,307     5,847           4
    ------------------------------------------------------------------------
            Total deposits    $371,631     $354,145   $17,486           5
    ========================================================================

Net Interest Income

Net interest income for the second quarter of 2009 totaled $6.1 million, an increase of $1.7 million, or 40%, compared to the second quarter of 2008, and an increase of $236,000, or 4%, compared to the first quarter of 2009. The Company's net interest margin was 4.87% for the second quarter of 2009, 66 basis points higher than the same quarter a year ago and 15 basis points higher than the first quarter of 2009. The increase in the net interest margin is primarily the result of higher average interest-earning assets and reduced funding costs.

Average interest-earning assets totaled $503.0 million for the quarter ended June 30, 2009, representing increases of 21% and 1% from the second quarter of 2008 and the first quarter of 2009, respectively. The average yield on the Company's interest-earning assets for the quarter ended June 30, 2009 was 6.16%, a decrease of 28 basis points and an increase of 10 basis points compared to the quarters ended June 30, 2008 and March 31, 2009, respectively.

Average interest-bearing liabilities totaled $329.8 million for the quarter ended June 30, 2009, a 1% decrease and a 1% increase compared to the quarters ended June 30, 2008 and March 31, 2009, respectively. The average rate paid on interest-bearing liabilities for the quarter ended June 30, 2009 was 1.98%, a decrease of 81 and six basis points compared to the quarters ended June 30, 2008 and March 31, 2009, respectively.

Noninterest Income

Noninterest income for the second quarter of 2009 was $1.0 million, an increase of $173,000, or 21%, and $47,000, or 5%, compared to the quarters ended June 30, 2008 and March 31, 2009, respectively. The increases were primarily the result of increased gains on the sale of mortgage loans and higher levels of service fees and charges and bank card fees.

Noninterest Expense

Noninterest expense for the second quarter of 2009 totaled $4.6 million, an increase of $1.2 million, or 36%, and $635,000, or 16%, compared to the quarters ended June 30, 2008 and March 31, 2009, respectively. The primary reason for the increase in noninterest expense relates to higher compensation and benefits expense. Compensation and benefits expense has increased primarily due to three factors: 1) the Bank's expansion into Baton Rouge, where two full-service banking offices were opened during the second half of 2008; 2) the employee stock ownership plan ("ESOP"), which commenced during the fourth quarter of 2008; and 3) award grants under the stock option and recognition and retention plans approved by the Company's shareholders in May 2009. Award grants were issued mid-quarter under the stock option and recognition and retention plans, resulting in $182,000 of related expense for the second quarter of 2009. Based on grants awarded by the stock option and recognition and retention plans to date, the Company anticipates compensation expense related to these plans of approximately $350,000 in the aggregate per quarter during the remainder of the five-year vesting period. Other increases in noninterest expense were the result of higher professional and other fees due to the increased cost of operating as a public company, the Louisiana bank shares tax and the FDIC's special assessment of five basis points assessed on all FDIC-insured depository institutions. In addition, the FDIC also has increased the base insurance premium assessment on deposits.

This news release contains certain forwardlooking statements. Forwardlooking 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, 2008, 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 forwardlooking statements are made or to reflect the occurrence of unanticipated events.

                           HOME BANCORP, INC. AND SUBSIDIARY
                      CONDENSED STATEMENTS OF FINANCIAL CONDITION

                                      June 30,       June 30,       %
                                        2009           2008      Change
                                        ----           ----      ------
    Assets
      Cash and cash equivalents     $14,006,806    $14,453,603      (3)%
      Interest-bearing deposits
       in banks                       1,289,000      2,673,000     (52)
      Cash invested at other
       ATM locations                 25,816,329     25,842,389       -
      Securities available for
       sale, at fair value          109,817,830     64,853,202      69
      Securities held to maturity     3,512,665      4,082,337     (14)
      Mortgage loans held for sale    4,237,324        535,000     692
      Loans, net of unearned
       income                       342,659,432    315,192,357       9
      Allowance for loan losses      (3,021,850)    (2,377,968)     27
                                     ----------     ----------      --
          Loans, net                339,637,582    312,814,389       9
                                    -----------    -----------       -
      Office properties and
       equipment, net                15,249,373     12,005,024      27
      Cash surrender value of
       bank-owned life insurance      5,395,580      5,134,487       5
      Accrued interest receivable
       and other assets               8,480,735      5,699,519      49
                                      ---------      ---------      --
    Total Assets                   $527,443,224   $448,092,950      18%
                                   ============   ============      ==


    Liabilities
      Deposits                     $371,631,130   $355,760,365       4%
      Federal Home Loan Bank
       advances                      22,893,099     38,856,903     (41)
      Accrued interest payable and
       other liabilities              2,724,291      2,716,604       -
                                      ---------      ---------       -
    Total Liabilities               397,248,520    397,333,872       -
                                    -----------    -----------       -

    Shareholders' Equity
      Common stock                      $89,270             $-       -%
      Additional paid-in capital     87,357,709              -       -
      Unearned compensation          (9,934,075)             -       -
      Retained earnings              55,918,381     51,461,993       9
      Accumulated other
       comprehensive income (loss)   (3,236,581)      (702,915)   (360)
                                     ----------       --------    ----
    Total Shareholders' Equity      130,194,704     50,759,078     156
                                    -----------     ----------     ---
    Total Liabilities and
     Shareholders' Equity          $527,443,224   $448,092,950      18%
                                   ============   ============      ==



                                                  March  31,    December  31,
                                                     2009           2008
                                                     ----           ----
    Assets
      Cash and cash equivalents                    $25,592,391    $20,150,248
      Interest-bearing deposits in banks             1,388,000      1,685,000
      Cash invested at other ATM locations          24,328,114     24,243,780
      Securities available for sale, at fair
       value                                       112,296,397    114,235,261
      Securities held to maturity                    3,895,918      4,089,466
      Mortgage loans held for sale                   1,590,600        996,600
      Loans, net of unearned income                336,389,803    335,568,071
      Allowance for loan losses                     (2,780,698)    (2,605,889)
                                                    ----------     ----------
          Loans, net                               333,609,105    332,962,182
                                                   -----------    -----------
      Office properties and equipment, net          15,227,422     15,325,997
      Cash surrender value of bank-owned life
       insurance                                     5,334,033      5,268,817
      Accrued interest receivable and other
       assets                                        9,633,416      9,439,637
                                                     ---------      ---------
    Total Assets                                  $532,895,396   $528,396,988
                                                  ============   ============


    Liabilities
      Deposits                                    $375,142,247   $354,145,105
      Federal Home Loan Bank advances               24,207,021     44,420,795
      Accrued interest payable and other
       liabilities                                   4,246,421      2,868,362
                                                     ---------      ---------
    Total Liabilities                              403,595,689    401,434,262
                                                   -----------    -----------

    Shareholders' Equity
      Common stock                                     $89,270        $89,270
      Additional paid-in capital                    87,165,161     87,182,281
      Unearned compensation                         (6,962,960)    (7,052,230)
      Retained earnings                             53,778,603     52,055,071
      Accumulated other comprehensive income
       (loss)                                       (4,770,367)    (5,311,666)
                                                    ----------     ----------
    Total Shareholders' Equity                     129,299,707    126,962,726
                                                   -----------    -----------
    Total Liabilities and Shareholders' Equity    $532,895,396   $528,396,988
                                                  ============   ============



                     HOME BANCORP, INC. AND SUBSIDIARY
                       CONDENSED STATEMENTS OF INCOME

                                     For The Three Months Ended
                                            June 30,               %
                                        2009        2008        Change
                                        ----        ----        ------
    Interest Income
      Loans, including fees           $5,596,564  $5,393,111        4%
      Investment securities            1,786,673     965,252       85
      Other investments and deposits     350,842     309,366       13
                                         -------     -------       --
        Total interest income          7,734,079   6,667,729       16
                                       ---------   ---------       --

    Interest Expense
      Deposits                         1,420,771   2,065,285      (31)%
      Federal Home Loan Bank
       advances                          210,138     241,681      (13)
                                         -------     -------      ---
        Total interest expense         1,630,909   2,306,966      (29)
                                       ---------   ---------      ---
    Net interest income                6,103,170   4,360,763       40
    Provision for loan losses            248,487      98,448      152
                                         -------      ------      ---
    Net interest income after
     provision for loan losses         5,854,683   4,262,315       37
                                       ---------   ---------       --
                                               .
    Noninterest Income
      Service fees and charges           444,138     421,212        5%
      Bank card fees                     282,536     233,885       21
      Gain on sale of loans, net         174,905      81,119      116
      Loss on sale of real estate
       owned, net                              -      (3,278)       -
      Income from bank-owned life
       insurance                          61,547      63,936       (4)
      Other income                        43,049      36,998       16
                                          ------      ------       --
        Total noninterest income       1,006,175     833,872       21
                                       ---------     -------       --

    Noninterest Expense
      Compensation and benefits        2,597,488   2,143,498       21%
      Occupancy                          330,030     302,210        9
      Marketing and advertising          154,279     158,523       (3)
      Data processing and
       communication                     374,932     363,988        3
      Professional fees                  248,363     103,363      140
      Franchise and shares tax           226,250           -        -
      Other expenses                     710,110     352,736      101
                                         -------     -------      ---
        Total noninterest expense      4,641,452   3,424,318       36
                                       ---------   ---------       --
    Income before income tax
     expense                           2,219,406   1,671,869       33
    Income tax expense                   782,400     568,435       38
                                         -------     -------       --
    Net income                        $1,437,006  $1,103,434       30%
                                      ==========  ==========       ==

    Earnings per share - basic             $0.18     N/A          N/A
                                           =====   =======      =======
    Earnings per share - diluted           $0.18     N/A          N/A
                                           =====   =======      =======



                                     For The Six Months Ended
                                             June 30,             %
                                         2009        2008      Change
                                         ----        ----      ------
    Interest Income
      Loans, including fees          $11,118,314 $10,800,448        3%
      Investment securities            3,489,469   1,750,661       99
      Other investments and deposits     663,252     649,818        2
                                         -------     -------        -
        Total interest income         15,271,035  13,200,927       16
                                      ----------  ----------       --

    Interest Expense
      Deposits                         2,848,043   4,452,304      (36)%
      Federal Home Loan Bank
       advances                          453,175     403,300       12
                                         -------     -------       --
        Total interest expense         3,301,218   4,855,604      (32)
                                       ---------   ---------      ---
    Net interest income               11,969,817   8,345,323       43
    Provision for loan losses            422,149      68,937      512
                                         -------      ------      ---
    Net interest income after
     provision for loan losses        11,547,668   8,276,386       40
                                      ----------   ---------       --
                                               .
    Noninterest Income
      Service fees and charges           898,844     827,465        9%
      Bank card fees                     543,260     441,366       23
      Gain on sale of loans, net         315,292     150,998      109
      Loss on sale of real estate
       owned, net                              -      (3,488)       -
      Income from bank-owned life
       insurance                         126,763     127,872       (1)
      Other income                        81,121      55,445       46
                                          ------      ------       --
        Total noninterest income       1,965,280   1,599,658       23
                                       ---------   ---------       --

    Noninterest Expense
      Compensation and benefits        4,918,636   4,235,999       16%
      Occupancy                          646,402     589,937       10
      Marketing and advertising          321,932     316,573        2
      Data processing and
       communication                     720,198     701,748        3
      Professional fees                  461,935     165,747      179
      Franchise and shares tax           452,500           -        -
      Other expenses                   1,126,931     650,110       73
                                       ---------     -------       --
        Total noninterest expense      8,648,534   6,660,114       30
                                       ---------   ---------       --
    Income before income tax
     expense                           4,864,414   3,215,930       51
    Income tax expense                 1,703,876   1,093,416       56
                                       ---------   ---------       --
    Net income                        $3,160,538  $2,122,514       49%
                                      ==========  ==========       ==

    Earnings per share - basic             $0.39     N/A          N/A
                                           =====   =======      =======
    Earnings per share - diluted           $0.39     N/A          N/A
                                           =====   =======      =======



                        HOME BANCORP, INC. AND SUBSIDIARY
                            SUMMARY FINANCIAL INFORMATION

                           For The Three Months Ended
                                     June 30,                     %
                               2009           2008              Change
                               ----           ----              ------
    (dollars in thousands
     except per share data)
    EARNINGS DATA
    Total interest income     $7,734         $6,668               16
    Total interest expense     1,631          2,307              (29)
                               -----          -----
    Net interest income        6,103          4,361               40
                               -----          -----
    Provision for loan
     losses                      248             99              151
    Total noninterest income   1,006            834               21
    Total noninterest
     expense                   4,642          3,424               36
    Income tax expense           782            569               37
                                 ---            ---
    Net income                $1,437         $1,103               30
                              ======         ======

    Earnings per share -
     diluted                   $0.18            N/A              N/A
                               =====        =======


    AVERAGE BALANCE SHEET
     DATA
    Total assets            $533,715        $443,235              20%
    Total earning assets     502,987         415,296              21
    Loans                    343,798         315,202               9
    Interest bearing
     deposits                305,156         298,548               2
    Total deposits           375,188         356,153               5
    Total shareholders'
     equity                  129,369          50,854             154


    SELECTED RATIOS (1)
    Return on average assets    1.08%         1.00%                8%
    Return on average total
     equity                     4.44          8.68               (49)
    Efficiency ratio (2)       65.29         65.92                (1)
    Average equity to
     average assets            24.24         11.48               111
    Core capital ratio
     (3) (4)                   19.79         11.44                73
    Net interest margin (5)     4.87          4.21                16



                             June 30,        June 30,           %
                               2009           2008           Change
                               ----           ----         ----------
    CREDIT QUALITY (3) (6)
    Nonaccrual loans          $2,438           $787              210%
    Accruing loans past
     due 90 days and over          -              -                -
                                 ---            ---
    Total nonperforming
     loans                     2,438            787              210
    Other real estate owned        -             49                -
                                 ---             --
    Total nonperforming
     assets                   $2,438           $836              192
                              ======           ====

    Nonperforming assets to
     total assets               0.46%          0.19%             142%
    Nonperforming loans to
     total assets               0.46           0.18              156
    Nonperforming loans to
     total loans                0.71           0.25              184
    Allowance for loan
     losses to
     nonperforming assets      123.9          284.4              (56)
    Allowance for loan
     losses to
     nonperforming loans       123.9          302.3              (59)
    Allowance for loan
     losses to total loans      0.88           0.75               17

    Year-to-date loan
     charge-offs                 $17            $35              (51)%
    Year-to-date loan
     recoveries                   11             30              (63)
                                  --             --
    Year-to-date net
     loan charge-offs
     (recoveries)                  6              5               20
                                 ===            ===
    Annualized YTD net loan
     charge-offs to total
     loans                         -%(7)          -%(7)            -%




                                               For The
                                                Three
                                             Months Ended        %
                                          March 31, 2009      Change
                                          ------------------ ----------
    (dollars in thousands
     except per share data)
    EARNINGS DATA
    Total interest income                       $7,537           3%
    Total interest expense                       1,670          (2)
                                                 -----
    Net interest income                          5,867           4
                                                 -----
    Provision for loan losses                      174          43
    Total noninterest income                       959           5
    Total noninterest expense                    4,007          16
    Income tax expense                             921         (15)
                                                   ---
    Net income                                  $1,724         (17)
                                                ======

    Earnings per share - diluted                 $0.21         (14)
                                                 =====

    AVERAGE BALANCE SHEET DATA
    Total assets                              $525,560           2%
    Total earning assets                       497,174           1
    Loans                                      339,528           1
    Interest bearing deposits                  290,590           5
    Total deposits                             357,472           5
    Total shareholders' equity                 128,865           -

    SELECTED RATIOS (1)
    Return on average assets                      1.31         (18)%
    Return on average total
     equity                                       5.35         (17)
    Efficiency ratio (2)                         58.71          11
    Average equity to average
     assets                                      24.52          (1)
    Core capital ratio (3) (4)                   19.19           3
    Net interest margin (5)                       4.72           3


                                               March 31,         %
                                                  2009        Change
                                                  ----    ----------
    CREDIT QUALITY (3) (6)
    Nonaccrual loans                            $2,489          (2)%
    Accruing loans past due 90
     days and over                                   -           -
                                                     -
    Total nonperforming loans                    2,489          (2)
    Other real estate owned                         37           -
                                                    --
    Total nonperforming assets                  $2,526          (3)
                                                ======

    Nonperforming assets to total
     assets                                       0.47%         (2)%
    Nonperforming loans to total
     assets                                       0.47          (2)
    Nonperforming loans to
     total loans                                  0.74          (4)
    Allowance for loan losses to
     nonperforming assets                        110.1          13
    Allowance for loan losses to
     nonperforming loans                         111.7          11
    Allowance for loan losses to
     total loans                                  0.83           6

    Year-to-date loan charge-offs                   $2         750%
    Year-to-date loan recoveries                     3         267
                                                     -
    Year-to-date net loan
     charge-offs (recoveries)                       (1)        700
                                                    ==
    Annualized YTD net loan charge-
     offs to total loans                             -           -%(7)


    (1)  With the exception of end-of-period ratios, all ratios are
         based on average monthly balances during the respective periods.
    (2)  The efficiency ratio represents noninterest expense as a
         percentage of total revenues.  Total revenues is the sum of net
         interest income and noninterest income.
    (3)  Asset quality and capital ratios are end of period ratios.
    (4)  Capital ratios are Bank only.
    (5)  Net interest margin represents net interest income as a
         percentage of average interest-earning assets.
    (6)  Nonperforming loans consist of nonaccruing loans and loans 90
         days or more past due.  Nonperforming assets consist of
         nonperforming loans and repossessed assets.  It is our policy to
         cease accruing interest on all loans 90 days or more past
         due.  Repossessed assets consist of assets acquired through
         foreclosure or acceptance of title in-lieu of foreclosure.
    (7)  Ratio is displayed as zero since calculated value is too low to
         be reported.



SOURCE Home Bancorp, Inc.



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