Home Bancorp, Inc. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 29, 2019 at 12:30 pm
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Home Bancorp, Inc. reported net loan charge-offs for the fourth quarter ended December 31, 2018. The Company recorded net loan charge-offs of $1.0 million during the fourth quarter of 2018, compared to net loan charge-offs of $15,000 for the third quarter of 2018. The increase in net loan charge-offs was primarily the result of a $1.0 million charge-off related to a previously recognized non-performing commercial and industrial loan.
Home Bancorp, Inc. is the holding company for Home Bank, N.A. (the Bank). The Bank is a wholly owned subsidiary of the Company, conducts business through approximately 42 banking offices in the Acadiana, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana, the Natchez region of west Mississippi and the Houston region of Texas. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bankâs 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, multifamily residential loans, commercial and industrial loans, and consumer loans.
HOME BANCORP, INC. 
