HOME BANCORP, INC. ANNOUNCES 2023 THIRD QUARTER RESULTS, NEW SHARE REPURCHASE PLAN AND DECLARES QUARTERLY DIVIDEND

About this update from Home Bancorp, Inc.

LAFAYETTE, La. , Oct. 18, 2023 /PRNewswire/ -- Home Bancorp, Inc. (Nasdaq: "HBCP") (the "Company"), the parent company for Home Bank, N.A . (the "Bank") ( www.home24bank.com ), reported financial results for the third quarter of 2023. For the quarter, the Company reported net income of $9.8 million , or $1.22 per diluted common share ("diluted EPS"), down $27,000 from $9.8 million , or $1.21 diluted EPS, for the second quarter of 2023. " Home Bank has delivered exceptional results during this cycle of rapidly increasing interest rates and the third quarter was a continuation of that success. We produced above average profitability metrics, grew both loans and deposits, and maintained strong credit quality." said John W. Bordelon , President and Chief Executive Officer of the Company and the Bank. "Strong customer relationships, built over years, have allowed us to retain deposits while still maintaining discipline on interest expense. We are confident that our long history and culture of relationship banking have positioned Home Bank to continue to thrive both in the near and long term." Third Quarter 2023 Highlights Loans totaled $2.6 billion at September 30, 2023 , up $58.3 million , or 2.3% (9% on an annualized basis) from June 30, 2023 . Deposits totaled $2.6 billion at September 30, 2023 , up $45.8 million , or 2%, from June 30, 2023 . Net interest income totaled $29.5 million , down $797,000 , or 3% from the prior quarter. The net interest margin ("NIM") was 3.75% in the third quarter of 2023 compared to 3.94% in the second quarter of 2023. The Company recorded a $351,000 provision to the allowance for loan losses primarily due to loan growth. Nonperforming assets totaled $12.3 million , or 0.37% of total assets compared to $12.4 million , or 0.38% of total assets, at June 30, 2023 . Loans Loans totaled $2.6 billion at September 30, 2023 , up $58.3 million , or 2%, from June 30, 2023 . The following table summarizes the changes in the Company's loan portfolio, net of unearned income, from June 30, 2023 through September 30, 2023 . (dollars in thousands) 9/30/2023 6/30/2023 Increase (Decrease) Real estate loans: One- to four-family first mortgage $ 432,092 $ 419,091 $ 13,001 3 % Home equity loans and lines 69,350 66,932 2,418 4 Commercial real estate 1,178,111 1,176,976 1,135 — Construction and land 342,711 327,488 15,223 5 Multi-family residential 106,411 103,951 2,460 2 Total real estate loans 2,128,675 2,094,438 34,237 2 Other loans: Commercial and industrial 407,189 382,292 24,897 7 Consumer 33,230 34,029 (799) (2) Total other loans 440,419 416,321 24,098 6 Total loans $ 2,569,094 $ 2,510,759 $ 58,335 2 % The average loan yield was 5.95% for the third quarter of 2023, up 13 basis points, from the second quarter of 2023. Loan growth during the third quarter of 2023 was across all loan types with the exception of consumer loans. Loans grew in the third quarter of 2023 across most of our markets with approximately 35% of the growth attributable to the Houston market. Credit Quality and Allowance for Credit Losses Nonperforming assets ("NPAs") totaled $12.3 million , or 0.37% of total assets, at September 30, 2023 , down $86,000 , or 1%, from $12.4 million , or 0.38% of total assets, at June 30, 2023 . During the third quarter of 2023, the Company recorded net loan recoveries of $132,000 , compared to net loan recoveries of $10,000 during the second quarter of 2023. The Company provisioned $351,000 to the allowance for loan losses in the third quarter of 2023. At September 30, 2023 , the allowance for loan losses totaled $31.1 million , or 1.21% of total loans, compared to $30.6 million , or 1.22% of total loans, at June 30, 2023 . Provisions to the allowance for loan losses are based upon, among other factors, our estimation of current expected losses in our loan portfolio, which we evaluate on a quarterly basis. Changes in expected losses consider various factors including the changing economic activity, potential mitigating effects of governmental stimulus, borrower specific information impacting changes in risk ratings, projected delinquencies and the impact of industry-wide loan modification efforts, among other factors. The following tables present the Company's loan portfolio by credit quality classification as of September 30, 2023 and June 30, 2023 . September 30, 2023 (dollars in thousands) Pass Special Mention Substandard Total One- to four-family first mortgage $ 429,011 $ 870 $ 2,211 $ 432,092 Home equity loans and lines 69,225 — 125 69,350 Commercial real estate 1,162,095 330 15,686 1,178,111 Construction and land 330,512 5,388 6,811 342,711 Multi-family residential 102,907 — 3,504 106,411 Commercial and industrial 402,252 2,458 2,479 407,189 Consumer 33,000 — 230 33,230 Total $ 2,529,002 $ 9,046 $ 31,046 $ 2,569,094 June 30, 2023 (dollars in thousands) Pass Special Mention Substandard Total One- to four-family first mortgage $ 415,162 $ 872 $ 3,057 $ 419,091 Home equity loans and lines 66,809 — 123 66,932 Commercial real estate 1,160,405 335 16,236 1,176,976 Construction and land 319,738 5,410 2,340 327,488 Multi-family residential 100,521 — 3,430 103,951 Commercial and industrial 377,529 2,894 1,869 382,292 Consumer 33,832 — 197 34,029 Total $ 2,473,996 $ 9,511 $ 27,252 $ 2,510,759 Investment Securities The Company's investment securities portfolio totaled $428.1 million at September 30, 2023 , a decrease of $22.4 million , or 5.0%, from June 30, 2023 . At September 30, 2023 , the Company had a net unrealized loss position on its investment securities of $63.4 million , compared to a net unrealized loss of $53.2 million at June 30, 2023 . The Company's investment securities portfolio had an effective duration of 4.5 years at September 30, 2023 and June 30, 2023 . The following table summarizes the composition of the Company's investment securities portfolio at September 30, 2023 . (dollars in thousands) Amortized Cost Fair Value Available for sale: U.S. agency mortgage-backed $ 324,459 $ 280,171 Collateralized mortgage obligations 84,009 78,279 Municipal bonds 55,705 45,037 U.S. government agency 19,278 17,444 Corporate bonds 6,982 6,088 Total available for sale $ 490,433 $ 427,019 Held to maturity: Municipal bonds $ 1,065 $ 1,052 Total held to maturity $ 1,065 $ 1,052 Approximately 30% of the investment securities portfolio was pledged as of September 30, 2023 . As of September 30, 2023 and June 30, 2023 , the Company had $127.9 million and $134.9 million , respectively, of securities pledged to secure public deposits. Deposits Total deposits were $2.6 billion at September 30, 2023 , up $45.8 million , or 2%, from June 30, 2023 . Non-maturity deposits decreased $46.2 million , or 2% during the third quarter of 2023 to $2.0 billion . The following table summarizes the changes in the Company's deposits from June 30, 2023 to September 30, 2023 . (dollars in thousands) 9/30/2023 6/30/2023 Increase (Decrease) Demand deposits $ 785,448 $ 816,555 $ (31,107) (4) % Savings 246,402 261,780 (15,378) (6) Money market 392,174 363,801 28,373 8 NOW 617,003 645,087 (28,084) (4) Certificates of deposit 556,457 464,495 91,962 20 Total deposits $ 2,597,484 $ 2,551,718 $ 45,766 2 % The average rate on interest-bearing deposits increased 54 basis points from 1.30% for the second quarter of 2023 to 1.84% for the third quarter of 2023. At September 30, 2023 , certificates of deposit maturing within the next 12 months totaled $460.6 million . We obtain most of our deposits from individuals, small businesses and public funds in our market areas. The following table presents our deposits per customer type for the periods indicated. September 30, 2023 June 30, 2023 Individuals 52 % 51 % Small businesses 39 39 Public funds 7 8 Broker 2 2 Total 100 % 100 % The total amounts of our uninsured deposits (deposits in excess of $250,000 , as calculated in accordance with FDIC regulations) were $755.5 million at September 30, 2023 and $735.4 million at June 30, 2023 . Public funds in excess of the FDIC insurance limits are fully collateralized. Net Interest Income The net interest margin ("NIM") decreased 19 basis points from 3.94% for the second quarter of 2023 to 3.75% for the third quarter of 2023 primarily due to an increase in the average cost of interest-bearing deposits, which was partially offset with an increase in the average yield on interest-earning assets. The average cost of interest-bearing deposits increased by 54 basis points in the third quarter of 2023 and our cost of deposits increased by $2.6 million , or 47%, in the third quarter of 2023 compared to the second quarter of 2023. The increase in deposit costs reflects the rise in market rates of interest as well as a migration to interest-bearing deposits from non-interest bearing deposits. The average loan yield was 5.95% for the third quarter of 2023, up 13 basis points from the second quarter of 2023, primarily reflecting increased rates on variable loans coupled with new loan originations at higher market rates during the period. Average other interest-earning assets were $54.0 million for the third quarter of 2023, up $1.8 million , or 3%, from the second quarter of 2023 primarily due to a reallocation of certain other interest-earning assets. Loan accretion income from acquired loans totaled $634,000 for the third quarter of 2023, down $13,000 , or 2%, from the second quarter of 2023. The following table summarizes the Company's average volume and rate of its interest-earning assets and interest-bearing liabilities for the periods indicated. Taxable equivalent ("TE") yields on investment securities have been calculated using a marginal tax rate of 21%. Quarter Ended 9/30/2023 6/30/2023 (dollars in thousands) Average Balance Interest Average Yield/ Rate Average Balance Interest Average Yield/ Rate Interest-earning assets: Loans receivable $ 2,538,218 $ 38,490 5.95 % $ 2,491,029 $ 36,530 5.82 % Investment securities (TE) 495,219 2,939 2.39 507,050 2,986 2.37 Other interest-earning assets 54,015 649 4.77 52,256 555 4.26 Total interest-earning assets $ 3,087,452 $ 42,078 5.36 % $ 3,050,335 $ 40,071 5.22 % Interest-bearing liabilities: Deposits: Savings, checking, and money market $ 1,256,885 $ 3,791 1.20 % $ 1,300,245 $ 3,023 0.93 % Certificates of deposit 511,754 4,390 3.40 407,038 2,524 2.49 Total interest-bearing deposits 1,768,639 8,181 1.84 1,707,283 5,547 1.30 Other borrowings 5,539 53 3.80 5,651 55 3.88 Subordinated debt 54,159 845 6.24 54,098 850 6.29 FHLB advances 273,087 3,490 5.01 272,783 3,313 4.81 Total interest-bearing liabilities $ 2,101,424 $ 12,569 2.37 % $ 2,039,815 $ 9,765 1.91 % Noninterest-bearing deposits $ 799,534 $ 831,517 Net interest spread (TE) 2.99 % 3.31 % Net interest margin (TE) 3.75 % 3.94 % Noninterest Income Noninterest income for the third quarter of 2023 totaled $4.4 million , up $951,000 , or 28%, from the second quarter of 2023. The increase was related primarily to gains on sale of loans (up $661,000 of which $640,000 was related to the sale of SBA loans during the third quarter of 2023) and bank card fees (up $188,000 ) for the third quarter of 2023 compared to the second quarter of 2023. Noninterest Expense Noninterest expense for the third quarter of 2023 totaled $21.3 million , up $379,000 , or 2%, from the second quarter of 2023. The increase was primarily related to data processing and communication expenses (up $364,000 ) and marketing and advertising expenses (up $196,000 ), which were partially offset by the absence of provision for credit losses on unfunded commitments (down $151,000 ) and a reduction in compensation and benefits expense (down $109,00 ) during the third quarter of 2023. Capital and Liquidity At September 30, 2023 , shareholders' equity totaled $345.3 million , down $785,000 , or less than 1%, compared to $346.1 million at June 30, 2023 . The decrease was primarily due to the increase in accumulated other comprehensive loss on available for sale investment securities, shareholder dividends and repurchases of shares of the Company's common stock, which were partially offset by the Company's earnings of $9.8 million during the third quarter of 2023. The market value of the Company's available for sale securities at September 30, 2023 decreased $10.2 million , or 19%, during the third quarter of 2023. Preliminary Tier 1 leverage capital and total risk-based capital ratios were 10.71% and 13.73%, respectively, at September 30, 2023 , compared to 10.78% and 14.07%, respectively, at June 30, 2023 . The following table summarizes the Company's primary and secondary sources of liquidity which were available at September 30, 2023 . (dollars in thousands) September 30, 2023 Cash and cash equivalents $ 84,520 Unencumbered investment securities, amortized cost 79,015 FHLB advance availability 914,064 Amounts available from unsecured lines of credit 55,000 Federal Reserve bank term funding program 106,140 Federal Reserve discount window availability 500 Total primary and secondary sources of available liquidity $ 1,239,239 Dividend and Share Repurchases The Company announced that its Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.25 per share payable on November 9, 2023 , to shareholders of record as of October 30, 2023 . The Company also announced that the Board of Directors approved a new share repurchase plan (the "2023 Repurchase Plan"). Under the 2023 Repurchase Plan, the Company may purchase up to 405,000 shares, or approximately 5% of the Company's outstanding common stock. Share repurchases under the 2023 Repurchase Plan may commence upon the completion of the Company's 2021 Repurchase Plan. As of September 30, 2023 , there were 47,980 shares remaining that may be repurchased under the 2021 Repurchase Plan. The repurchase plans do not include specific price targets and may be executed through the open market or privately-negotiated transactions depending upon market conditions and other factors. The repurchase plans have no time limit and may be suspended or discontinued at any time. The Company repurchased 37,805 shares of its common stock during the third quarter of 2023 at an average price per share of $32.63 . An additional 47,980 shares remain eligible for purchase under the 2021 Repurchase Plan. The book value per share and tangible book value per share of the Company's common stock was $42.30 and $31.67 , respectively, at September 30, 2023 . Conference Call Executive management will host a conference call to discuss third quarter 2023 results on Thursday, October 19, 2023 at 10:30 a.m. CDT . Analysts, investors and interested parties may attend the conference call by dialing toll free 1.848.488.9160 (US Local/International) or 1.877.550.1858 (US Toll Free). The investor presentation can be accessed the day of the presentation on Home Bancorp, Inc. website at https://home24bank.investorroom.com . A replay of the conference call and a transcript of the call will be posted to the Investor Relations page of the Company's website, https://home24bank.investorroom.com . Non-GAAP Reconciliation This news release contains financial information determined by methods other than in accordance with generally accepted accounting principles ("GAAP"). The Company's management uses this non-GAAP financial information in its analysis of the Company's performance. In this news release, information is included which excludes intangible assets. Management believes the presentation of this non-GAAP financial information provides useful information that is helpful to a full understanding of the Company's financial position and operating results. This non-GAAP financial information should not be viewed as a substitute for financial information determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP financial information presented by other companies. A reconciliation on non-GAAP information included herein to GAAP is presented below. Quarter Ended (dollars in thousands, except per share data) 9/30/2023 6/30/2023 9/30/2022 Reported net income $ 9,754 $ 9,781 $ 10,434 Add: Core deposit intangible amortization, net tax 307 307 358 Non-GAAP tangible income $ 10,061 $ 10,088 $ 10,792 Total assets $ 3,317,729 $ 3,290,153 $ 3,167,666 Less: Intangible assets 86,749 87,138 87,839 Non-GAAP tangible assets $ 3,230,980 $ 3,203,015 $ 3,079,827 Total shareholders' equity $ 345,332 $ 346,117 $ 316,656 Less: Intangible assets 86,749 87,138 87,839 Non-GAAP tangible shareholders' equity $ 258,583 $ 258,979 $ 228,817 Return on average equity 11.04 % 11.26 % 12.35 % Add: Average intangible assets 4.11 4.24 4.99 Non-GAAP return on average tangible common equity 15.15 % 15.50 % 17.34 % Common equity ratio 10.41 % 10.52 % 10.00 % Less: Intangible assets 2.41 2.43 2.57 Non-GAAP tangible common equity ratio 8.00 % 8.09 % 7.43 % Book value per share $ 42.30 $ 42.22 $ 38.27 Less: Intangible assets 10.63 10.63 10.61 Non-GAAP tangible book value per share $ 31.67 $ 31.59 $ 27.66 This news release contains certain forward-looking statements. Forward-looking 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, 2022 describes some of these factors, including risk elements in the loan portfolio, the level of the allowance for credit losses, the impact of the COVID-19 pandemic, 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 forward-looking statements are made or to reflect the occurrence of unanticipated events. HOME BANCORP, INC. AND SUBSIDIARY CONDENSED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (dollars in thousands) 9/30/2023 6/30/2023 % Change 9/30/2022 Assets Cash and cash equivalents $ 84,520 $ 96,873 (13) % $ 150,556 Interest-bearing deposits in banks 99 99 — 349 Investment securities available for sale, at fair value 427,019 449,396 (5) 492,758 Investment securities held to maturity 1,065 1,066 — 1,080 Mortgage loans held for sale 467 538 (13) 169 Loans, net of unearned income 2,569,094 2,510,759 2 2,303,279 Allowance for loan losses (31,123) (30,639) 2 (27,351) Total loans, net of allowance for loan losses 2,537,971 2,480,120 2 2,275,928 Office properties and equipment, net 42,402 42,904 (1) 43,685 Cash surrender value of bank-owned life insurance 47,054 46,789 1 46,019 Goodwill and core deposit intangibles 86,749 87,138 — 87,839 Accrued interest receivable and other assets 90,383 85,230 6 69,283 Total Assets $ 3,317,729 $ 3,290,153 1 $ 3,167,666 Liabilities Deposits $ 2,597,484 $ 2,551,718 2 % $ 2,738,424 Other Borrowings 5,539 5,539 — 5,539 Subordinated debt, net of issuance cost 54,187 54,133 — 53,958 Federal Home Loan Bank advances 283,826 305,297 (7) 24,816 Accrued interest payable and other liabilities 31,361 27,349 15 28,273 Total Liabilities 2,972,397 2,944,036 1 2,851,010 Shareholders' Equity Common stock 81 82 (1) 83 Additional paid-in capital 165,149 164,945 — 164,024 Common stock acquired by benefit plans (1,787) (1,878) 5 (2,150) Retained earnings 227,649 220,801 3 197,553 Accumulated other comprehensive loss (45,760) (37,833) (21) (42,854) Total Shareholders' Equity 345,332 346,117 — 316,656 Total Liabilities and Shareholders' Equity $ 3,317,729 $ 3,290,153 1 $ 3,167,666 HOME BANCORP, INC. AND SUBSIDIARY CONDENSED STATEMENTS OF INCOME (Unaudited) Quarter Ended (dollars in thousands, except per share data) 9/30/2023 6/30/2023 % Change 9/30/2022 % Change Interest Income Loans, including fees $ 38,490 $ 36,530 5 % $ 29,859 29 % Investment securities 2,939 2,986 (2) 2,958 (1) Other investments and deposits 649 555 17 1,447 (55) Total interest income 42,078 40,071 5 34,264 23 Interest Expense Deposits 8,181 5,547 47 % 1,270 544 % Other borrowings 53 55 (4) 53 — Subordinated debt expense 845 850 (1) 859 (2) Federal Home Loan Bank advances 3,490 3,313 5 105 3224 Total interest expense 12,569 9,765 29 2,287 450 Net interest income 29,509 30,306 (3) 31,977 (8) Provision for loan losses 351 511 (31) 1,696 (79) Net interest income after provision for loan losses 29,158 29,795 (2) 30,281 (4) Noninterest Income Service fees and charges 1,277 1,230 4 % 1,300 (2) % Bank card fees 1,903 1,715 11 1,623 17 Gain on sale of loans, net 687 26 2542 78 781 Income from bank-owned life insurance 265 260 2 231 15 (Loss) gain on sale of assets, net — (3) 100 18 (100) Other income 267 220 21 224 19 Total noninterest income 4,399 3,448 28 3,474 27 Noninterest Expense Compensation and benefits 12,492 12,601 (1) % 12,128 3 % Occupancy 2,410 2,447 (2) 2,297 5 Marketing and advertising 638 442 44 658 (3) Data processing and communication 2,496 2,132 17 2,284 9 Professional fees 402 459 (12) 331 21 Forms, printing and supplies 195 204 (4) 185 5 Franchise and shares tax 542 541 — 633 (14) Regulatory fees 511 401 27 467 9 Foreclosed assets, net 99 50 98 101 (2) Amortization of acquisition intangible 389 389 — 453 (14) Provision for credit losses on unfunded commitments — 151 (100) 146 (100) Other expenses 1,164 1,142 2 1,040 12 Total noninterest expense 21,338 20,959 2 20,723 3 Income before income tax expense 12,219 12,284 (1) 13,032 (6) Income tax expense 2,465 2,503 (2) 2,598 (5) Net income $ 9,754 $ 9,781 — $ 10,434 (7) Earnings per share - basic $ 1.22 $ 1.22 — % $ 1.29 (5) % Earnings per share - diluted $ 1.22 $ 1.21 1 % $ 1.28 (5) % Cash dividends declared per common share $ 0.25 $ 0.25 — % $ 0.23 9 % HOME BANCORP, INC. AND SUBSIDIARY SUMMARY FINANCIAL INFORMATION (Unaudited) Quarter Ended (dollars in thousands, except per share data) 9/30/2023 6/30/2023 % Change 9/30/2022 % Change EARNINGS DATA Total interest income $ 42,078 $ 40,071 5 % $ 34,264 23 % Total interest expense 12,569 9,765 29 2,287 450 Net interest income 29,509 30,306 (3) 31,977 (8) Provision for loan losses 351 511 (31) 1,696 (79) Total noninterest income 4,399 3,448 28 3,474 27 Total noninterest expense 21,338 20,959 2 20,723 3 Income tax expense 2,465 2,503 (2) 2,598 (5) Net income $ 9,754 $ 9,781 — $ 10,434 (7) AVERAGE BALANCE SHEET DATA Total assets $ 3,281,093 $ 3,250,190 1 % $ 3,265,907 — % Total interest-earning assets 3,087,452 3,050,335 1 3,060,273 1 Total loans 2,538,218 2,491,029 2 2,265,846 12 PPP loans 5,869 6,100 (4) 9,431 (38) Total interest-bearing deposits 1,768,639 1,707,283 4 1,894,275 (7) Total interest-bearing liabilities 2,101,424 2,039,815 3 1,978,734 6 Total deposits 2,568,173 2,538,800 1 2,818,318 (9) Total shareholders' equity 350,436 348,414 1 335,053 5 PER SHARE DATA Earnings per share - basic $ 1.22 $ 1.22 — % $ 1.29 (5) % Earnings per share - diluted 1.22 1.21 1 1.28 (5) Book value at period end 42.30 42.22 — 38.27 11 Tangible book value at period end 31.67 31.59 — 27.66 14 Shares outstanding at period end 8,163,655 8,197,859 — 8,273,334 (1) Weighted average shares outstanding Basic 8,006,226 8,042,434 — % 8,089,246 (1) % Diluted 8,038,606 8,079,205 (1) 8,138,307 (1) SELECTED RATIOS (1) Return on average assets 1.18 % 1.21 % (2) % 1.27 % (7) % Return on average equity 11.04 11.26 (2) 12.35 (11) Common equity ratio 10.41 10.52 (1) 10.00 4 Efficiency ratio (2) 62.93 62.09 1 58.45 8 Average equity to average assets 10.68 10.72 — 10.26 4 Tier 1 leverage capital ratio (3) 10.71 10.78 (1) 9.76 10 Total risk-based capital ratio (3) 13.73 14.07 (2) 13.65 1 Net interest margin (4) 3.75 3.94 (5) 4.11 (9) SELECTED NON-GAAP RATIOS (1) Tangible common equity ratio (5) 8.00 % 8.09 % (1) % 7.43 % 8 % Return on average tangible common equity (6) 15.15 15.50 (2) 17.34 (13) (1) With the exception of end-of-period ratios, all ratios are based on average daily 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) Capital ratios are preliminary end-of-period ratios for the Bank only and are subject to change. (4) Net interest margin represents net interest income as a percentage of average interest-earning assets. Taxable equivalent yields are calculated using a marginal tax rate of 21%. (5) Tangible common equity ratio is common shareholders' equity less intangible assets divided by total assets less intangible assets. See "Non-GAAP Reconciliation" for additional information. (6) Return on average tangible common equity is net income plus amortization of core deposit intangible, net of taxes, divided by average common shareholders' equity less average intangible assets. See "Non-GAAP Reconciliation" for additional information. HOME BANCORP, INC. AND SUBSIDIARY SUMMARY CREDIT QUALITY INFORMATION (Unaudited) 9/30/2023 6/30/2023 9/30/2022 (dollars in thousands) Originated Acquired Total Originated Acquired Total Originated Acquired Total CREDIT QUALITY (1) Nonaccrual loans(2) $ 8,001 $ 3,905 $ 11,906 $ 6,806 $ 5,364 $ 12,170 $ 4,281 $ 12,799 $ 17,080 Accruing loans 90 days or more past due 43 — 43 26 — 26 3 — 3 Total nonperforming loans 8,044 3,905 11,949 6,832 5,364 12,196 4,284 12,799 17,083 Foreclosed assets and ORE 221 141 362 121 80 201 14 376 390 Total nonperforming assets 8,265 4,046 12,311 6,953 5,444 12,397 4,298 13,175 17,473 Performing troubled debt restructurings — — — — — — 4,686 879 5,565 Total nonperforming assets and troubled debt restructurings $ 8,265 $ 4,046 $ 12,311 $ 6,953 $ 5,444 $ 12,397 $ 8,984 $ 14,054 $ 23,038 Nonperforming assets to total assets 0.37 % 0.38 % 0.55 % Nonperforming loans to total assets 0.36 0.37 0.54 Nonperforming loans to total loans 0.47 0.49 0.74 (1) It is our policy to cease accruing interest on loans 90 days or more past due, with certain limited exceptions. Nonperforming assets consist of nonperforming loans, foreclosed assets and surplus real estate (ORE). Foreclosed assets consist of assets acquired through foreclosure or acceptance of title in-lieu of foreclosure. ORE consists of closed or unused bank buildings. (2) Nonaccrual loans include originated restructured loans placed on nonaccrual totaling $3.3 million at September 30, 2022 . Acquired restructured loans placed on nonaccrual totaled $3.2 million at September 30, 2022 . With the adoption of ASU 2022-02, effective January 1, 2023 , TDR accounting has been eliminated. HOME BANCORP, INC. AND SUBSIDIARY SUMMARY CREDIT QUALITY INFORMATION - CONTINUED (Unaudited) 9/30/2023 6/30/2023 9/30/2022 Collectively Evaluated Individually Evaluated Total Collectively Evaluated Individually Evaluated Total Collectively Evaluated Individually Evaluated Total ALLOWANCE FOR CREDIT LOSSES One- to four-family first mortgage $ 3,320 $ — $ 3,320 $ 3,200 $ — $ 3,200 $ 2,293 $ 32 $ 2,325 Home equity loans and lines 742 — 742 707 — 707 500 — 500 Commercial real estate 14,185 230 14,415 14,299 499 14,798 12,504 1,193 13,697 Construction and land 5,123 — 5,123 4,822 — 4,822 4,973 — 4,973 Multi-family residential 523 — 523 512 — 512 498 — 498 Commercial and industrial 6,161 105 6,266 5,734 121 5,855 4,523 188 4,711 Consumer 734 — 734 745 — 745 647 — 647 Total allowance for loan losses $ 30,788 $ 335 $ 31,123 $ 30,019 $ 620 $ 30,639 $ 25,938 $ 1,413 $ 27,351 Unfunded lending commitments(3) 2,454 — 2,454 2,454 — 2,454 2,263 — 2,263 Total allowance for credit losses $ 33,242 $ 335 $ 33,577 $ 32,473 $ 620 $ 33,093 $ 28,201 $ 1,413 $ 29,614 Allowance for loan losses to nonperforming assets 252.81 % 247.15 % 156.53 % Allowance for loan losses to nonperforming loans 260.47 % 251.22 % 160.11 % Allowance for loan losses to total loans 1.21 % 1.22 % 1.19 % Allowance for credit losses to total loans 1.31 % 1.32 % 1.29 % Year-to-date loan charge-offs $ 148 $ 137 $ 1,260 Year-to-date loan recoveries 296 152 605 Year-to-date net loan recoveries (charge-offs) $ 148 $ 15 $ (655) Annualized YTD net loan recoveries (charge-offs) to average loans 0.01 % — % (0.04) % (3) The allowance for unfunded lending commitments is recorded within accrued interest payable and other liabilities on the Consolidated Statements of Financial Condition. 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