HOME BANCORP, INC. ANNOUNCES 2024 SECOND QUARTER RESULTS AND DECLARES QUARTERLY DIVIDEND

About this update from Home Bancorp, Inc.

LAFAYETTE, La. , July 17, 2024 /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 second quarter of 2024. For the quarter, the Company reported net income of $8.1 million , or $1.02 per diluted common share ("diluted EPS"), down $1.1 million from $9.2 million , or $1.14 diluted EPS, for the first quarter of 2024. "We are pleased to report strong earnings and continued momentum across our footprint in loan growth," said John W. Bordelon , President and Chief Executive Officer of the Company and the Bank. "The Company's loan growth was 6% on an annualized basis for the second quarter while maintaining a strong credit discipline. Our net interest margin remains strong and has positively changed direction in the quarter." Second Quarter 2024 Highlights Loans totaled $2.7 billion at June 30, 2024 , up $39.7 million , or 1.5% (6% on an annualized basis), from March 31, 2024 . Non-interest bearing deposits totaled $746.5 million at June 30, 2024 , up $4.3 million , or 0.6% (2% on an annualized basis), from March 31, 2024 . Net interest income in the second quarter of 2024 totaled $29.4 million , up $492,000 , or 2% from the prior quarter. The net interest margin ("NIM") was 3.66% in the second quarter of 2024 compared to 3.64% in the first quarter of 2024. Nonperforming assets totaled $17.0 million , or 0.50% of total assets, at June 30, 2024 compared to $22.0 million , or 0.65% of total assets, at March 31, 2024 . The Company recorded a $1.3 million provision to the allowance for loan losses in the second quarter of 2024, compared to a $141,000 provision in the first quarter of 2024, primarily due to loan growth sustained during the quarter and net charge offs. Net loan charge-offs were $510,000 for the second quarter of 2024, compared to net loan charge-offs of $217,000 during the first quarter of 2024. Annualized year-to-date net loan charge offs to average loans was 0.06%. Loans Loans totaled $2.7 billion at June 30, 2024 , up $39.7 million , or 1.5%, from March 31, 2024 . The following table summarizes the changes in the Company's loan portfolio, net of unearned income, from March 31, 2024 through June 30, 2024 . (dollars in thousands) 6/30/2024 3/31/2024 Increase (Decrease) Real estate loans: One- to four-family first mortgage $ 446,255 $ 436,659 $ 9,596 2 % Home equity loans and lines 70,617 70,377 240 — Commercial real estate 1,228,757 1,221,573 7,184 1 Construction and land 328,938 334,324 (5,386) (2) Multi-family residential 126,922 118,748 8,174 7 Total real estate loans 2,201,489 2,181,681 19,808 1 Other loans: Commercial and industrial 427,339 407,730 19,609 5 Consumer 32,518 32,279 239 1 Total other loans 459,857 440,009 19,848 5 Total loans $ 2,661,346 $ 2,621,690 $ 39,656 2 % The average loan yield was 6.28% for the second quarter of 2024, up 10 basis points, from the first quarter of 2024. Loan growth during the second quarter of 2024 was across all loan types with the exception of construction and land loans. Loans grew in the second quarter of 2024 across most of our markets with approximately 40% of the growth attributable to the Houston market. Credit Quality and Allowance for Credit Losses Nonperforming assets ("NPAs") totaled $17.0 million , or 0.50% of total assets, at June 30, 2024 , down $4.9 million , or 22%, from $22.0 million , or 0.65% of total assets, at March 31, 2024 . The decrease in NPAs during the second quarter of 2024 was primarily due to one loan relationship which was brought current during the second quarter of 2024, but was classified as accruing nonperforming loans over 90 days past due in the prior quarter. During the second quarter of 2024, the Company recorded net loan charge-offs of $510,000 , compared to net loan charge-offs of $217,000 during the first quarter of 2024. The Company provisioned $1.3 million to the allowance for loan losses in the second quarter of 2024. At June 30, 2024 , the allowance for loan losses totaled $32.2 million , or 1.21% of total loans, compared to $31.5 million , or 1.20% of total loans, at March 31, 2024 . 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 June 30, 2024 and March 31, 2024 . June 30, 2024 (dollars in thousands) Pass Special Mention Substandard Total One- to four-family first mortgage $ 437,753 $ 1,417 $ 7,085 $ 446,255 Home equity loans and lines 70,394 — 223 70,617 Commercial real estate 1,207,421 3,469 17,867 1,228,757 Construction and land 324,729 310 3,899 328,938 Multi-family residential 125,689 65 1,168 126,922 Commercial and industrial 423,673 1,493 2,173 427,339 Consumer 32,273 — 245 32,518 Total $ 2,621,932 $ 6,754 $ 32,660 $ 2,661,346 March 31, 2024 (dollars in thousands) Pass Special Mention Substandard Total One- to four-family first mortgage $ 429,488 $ 865 $ 6,306 $ 436,659 Home equity loans and lines 70,136 — 241 70,377 Commercial real estate 1,204,466 — 17,107 1,221,573 Construction and land 322,792 6,565 4,967 334,324 Multi-family residential 114,315 — 4,433 118,748 Commercial and industrial 404,786 1,148 1,796 407,730 Consumer 32,001 — 278 32,279 Total $ 2,577,984 $ 8,578 $ 35,128 $ 2,621,690 Investment Securities The Company's investment securities portfolio totaled $413.5 million at June 30, 2024 , a decrease of $9.3 million , or 2%, from March 31, 2024 . At June 30, 2024 , the Company had a net unrealized loss position on its investment securities of $46.6 million , which was essentially unchanged from the net unrealized loss March 31, 2024 . The Company's investment securities portfolio had an effective duration of 4.0 years and 4.2 years at June 30, 2024 and March 31, 2024 , respectively. The following table summarizes the composition of the Company's investment securities portfolio at June 30, 2024 . (dollars in thousands) AmortizedCost Fair Value Available for sale: U.S. agency mortgage-backed $ 300,106 $ 267,440 Collateralized mortgage obligations 79,469 75,569 Municipal bonds 53,676 45,700 U.S. government agency 18,794 17,553 Corporate bonds 6,983 6,210 Total available for sale $ 459,028 $ 412,472 Held to maturity: Municipal bonds $ 1,065 $ 1,061 Total held to maturity $ 1,065 $ 1,061 Approximately 65% of the investment securities portfolio was pledged as of June 30, 2024 to secure public deposits and borrowings with the Federal Reserve Bank Term Funding Program ("BTFP"). The Company had $135.5 million of securities pledged to secure public deposits and $135.0 million pledged to the BTFP borrowings at June 30, 2024 and March 31, 2024 . Deposits Total deposits were $2.7 billion at June 30, 2024 , up $337,000 , or less than 1%, from March 31, 2024 . Non-maturity deposits decreased $16.7 million , or 1%, during the second quarter of 2024 to $2.0 billion . The following table summarizes the changes in the Company's deposits from March 31, 2024 to June 30, 2024 . (dollars in thousands) 6/30/2024 3/31/2024 Increase (Decrease) Demand deposits $ 746,504 $ 742,177 $ 4,327 1 % Savings 218,307 228,047 (9,740) (4) Money market 427,406 423,521 3,885 1 NOW 615,809 630,962 (15,153) (2) Certificates of deposit 714,889 697,871 17,018 2 Total deposits $ 2,722,915 $ 2,722,578 $ 337 — % The average rate on interest-bearing deposits increased 17 basis points from 2.52% for the first quarter of 2024 to 2.69% for the second quarter of 2024. At June 30, 2024 , certificates of deposit maturing within the next 12 months totaled $686.2 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. June 30, 2024 March 31, 2024 Individuals 53 % 54 % Small businesses 37 36 Public funds 8 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 $780.1 million at June 30, 2024 and $781.9 million at March 31, 2024 . Public funds in excess of the FDIC insurance limits are fully collateralized. Net Interest Income The net interest margin ("NIM") increased 2 basis points from 3.64% for the first quarter of 2024 to 3.66% for the second quarter of 2024 primarily due to the increase in average interest-earning assets outpacing the increase in average interest-bearing liabilities. The average loan yield was 6.28% for the second quarter of 2024, up 10 basis points from the first quarter of 2024, primarily due to new loan originations at higher market rates during the quarter. The average cost of interest-bearing deposits increased by 17 basis points in the second quarter of 2024 compared to the first quarter of 2024. 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. Average other interest-earning assets were $51.4 million for the second quarter of 2024, down $5.7 million , or 10%, from the first quarter of 2024 primarily due to a reallocation of certain other interest-earning assets. Loan accretion income from acquired loans totaled $490,000 for the second quarter of 2024, down $35,000 , or 7%, from the first quarter of 2024. 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 6/30/2024 3/31/2024 (dollars in thousands) AverageBalance Interest AverageYield/ Rate AverageBalance Interest AverageYield/ Rate Interest-earning assets: Loans receivable $ 2,652,331 $ 41,999 6.28 % $ 2,602,941 $ 40,567 6.18 % Investment securities (TE) 463,500 2,740 2.38 472,578 2,788 2.38 Other interest-earning assets 51,355 719 5.64 57,103 771 5.43 Total interest-earning assets $ 3,167,186 $ 45,458 5.70 % $ 3,132,622 $ 44,126 5.60 % Interest-bearing liabilities: Deposits: Savings, checking, and money market $ 1,260,491 $ 5,108 1.63 % $ 1,269,293 $ 4,800 1.52 % Certificates of deposit 704,690 8,026 4.58 668,353 7,332 4.41 Total interest-bearing deposits 1,965,181 13,134 2.69 1,937,646 12,132 2.52 Other borrowings 140,610 1,656 4.74 125,979 1,486 4.74 Subordinated debt 54,322 844 6.22 54,268 845 6.22 FHLB advances 46,499 431 3.69 71,704 762 4.23 Total interest-bearing liabilities $ 2,206,612 $ 16,065 2.93 % $ 2,189,597 $ 15,225 2.79 % Noninterest-bearing deposits $ 751,776 $ 743,262 Net interest spread (TE) 2.77 % 2.81 % Net interest margin (TE) 3.66 % 3.64 % Noninterest Income Noninterest income for the second quarter of 2024 totaled $3.8 million , up $206,000 , or 6%, from the first quarter of 2024. The increase was related primarily to bank card fees (up $176,000 ) and gain on sale of loans (up $39,000 ), which were partially offset by service fees and charges (down $15,000 ) for the second quarter of 2024 compared to the first quarter of 2024. Noninterest Expense Noninterest expense for the second quarter of 2024 totaled $21.8 million , up $940,000 , or 5%, from the first quarter of 2024. The increase was primarily related to compensation and benefits expense (up $618,000 due to salary increases effective in April 2024 ), occupancy expense (up $149,000 due to an additional lease for our new Pasadena office in the Houston market and seasonal lawn care maintenance), other noninterest expense (up $119,000), and professional fees (up $106,000 ), which were partially offset by the reversal of provision for credit losses on unfunded commitments (down $134,000 ) during the second quarter of 2024. Capital and Liquidity At June 30, 2024 , shareholders' equity totaled $375.8 million , up $3.5 million , or 1%, compared to $372.3 million at March 31, 2024 . The increase was primarily due to the the Company's earnings of $8.1 million during the second quarter of 2024, partially offset by shareholder dividends and repurchases of shares of the Company's common stock. Preliminary Tier 1 leverage capital and total risk-based capital ratios were 11.22% and 14.39%, respectively, at June 30, 2024 , compared to 11.19% and 14.39%, respectively, at March 31, 2024 . The following table summarizes the Company's primary and secondary sources of liquidity which were available at June 30, 2024 . (dollars in thousands) June 30, 2024 Cash and cash equivalents $ 113,462 Unencumbered investment securities, amortized cost 68,373 FHLB advance availability 1,085,415 Amounts available from unsecured lines of credit 55,000 Federal Reserve discount window availability 500 Total primary and secondary sources of available liquidity $ 1,322,750 Dividend and Share Repurchases The Company announces that its Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.25 per share payable on August 9, 2024 , to shareholders of record as of July 29, 2024 . The Company repurchased 76,858 shares of its common stock during the second quarter of 2024 at an average price per share of $37.00 . An additional 338,285 shares remain eligible for purchase under the 2023 Repurchase Plan. The book value per share and tangible book value per share of the Company's common stock was $46.51 and $35.90 , respectively, at June 30, 2024 . Conference Call Executive management will host a conference call to discuss second quarter 2024 results on Thursday, July 18, 2024 at 10:30 a.m. CDT . Analysts, investors and interested parties may attend the conference call by dialing toll free 1.646.357.8785 (US Local/International) or 1.800.836.8184 (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) 6/30/2024 3/31/2024 6/30/2023 Reported net income $ 8,118 $ 9,199 $ 9,781 Add: Core deposit intangible amortization, net tax 261 279 307 Non-GAAP tangible income $ 8,379 $ 9,478 $ 10,088 Total assets $ 3,410,881 $ 3,357,604 $ 3,290,153 Less: Intangible assets 85,690 86,019 87,138 Non-GAAP tangible assets $ 3,325,191 $ 3,271,585 $ 3,203,015 Total shareholders' equity $ 375,830 $ 372,285 $ 346,117 Less: Intangible assets 85,690 86,019 87,138 Non-GAAP tangible shareholders' equity $ 290,140 $ 286,266 $ 258,979 Return on average equity 8.75 % 9.98 % 11.26 % Add: Average intangible assets 2.98 3.42 4.24 Non-GAAP return on average tangible common equity 11.73 % 13.40 % 15.50 % Common equity ratio 11.02 % 11.09 % 10.52 % Less: Intangible assets 2.29 2.34 2.43 Non-GAAP tangible common equity ratio 8.73 % 8.75 % 8.09 % Book value per share $ 46.51 $ 45.73 $ 42.22 Less: Intangible assets 10.61 10.56 10.63 Non-GAAP tangible book value per share $ 35.90 $ 35.17 $ 31.59 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, 2023 describes some of these factors, including risk elements in the loan portfolio, risks related to our deposit activities, the level of the allowance for credit losses, 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) 6/30/2024 3/31/2024 % Change 6/30/2023 Assets Cash and cash equivalents $ 113,462 $ 90,475 25 % $ 96,873 Interest-bearing deposits in banks — — — 99 Investment securities available for sale, at fair value 412,472 421,813 (2) 449,396 Investment securities held to maturity 1,065 1,065 — 1,066 Mortgage loans held for sale — 646 (100) 538 Loans, net of unearned income 2,661,346 2,621,690 2 2,510,759 Allowance for loan losses (32,212) (31,461) 2 (30,639) Total loans, net of allowance for loan losses 2,629,134 2,590,229 2 2,480,120 Office properties and equipment, net 43,089 42,341 2 42,904 Cash surrender value of bank-owned life insurance 47,858 47,587 1 46,789 Goodwill and core deposit intangibles 85,690 86,019 — 87,138 Accrued interest receivable and other assets 78,111 77,429 1 85,230 Total Assets $ 3,410,881 $ 3,357,604 2 % $ 3,290,153 Liabilities Deposits $ 2,722,915 $ 2,722,578 — % $ 2,551,718 Other Borrowings 140,539 140,539 — 5,539 Subordinated debt, net of issuance cost 54,348 54,294 — 54,133 Federal Home Loan Bank advances 83,506 38,607 116 305,297 Accrued interest payable and other liabilities 33,743 29,301 15 27,349 Total Liabilities 3,035,051 2,985,319 2 2,944,036 Shareholders' Equity Common stock 81 81 — 82 Additional paid-in capital 165,918 166,160 — 164,945 Common stock acquired by benefit plans (1,518) (1,607) 6 (1,878) Retained earnings 245,046 241,152 2 220,801 Accumulated other comprehensive loss (33,697) (33,501) (1) (37,833) Total Shareholders' Equity 375,830 372,285 1 346,117 Total Liabilities and Shareholders' Equity $ 3,410,881 $ 3,357,604 2 % $ 3,290,153 HOME BANCORP, INC. AND SUBSIDIARY CONDENSED STATEMENTS OF INCOME (Unaudited) Quarter Ended (dollars in thousands, except per share data) 6/30/2024 3/31/2024 % Change 6/30/2023 % Change Interest Income Loans, including fees $ 41,999 $ 40,567 4 % $ 36,530 15 % Investment securities 2,740 2,788 (2) 2,986 (8) Other investments and deposits 719 771 (7) 555 30 Total interest income 45,458 44,126 3 40,071 13 Interest Expense Deposits 13,134 12,132 8 % 5,547 137 % Other borrowings 1,656 1,486 11 55 2911 Subordinated debt expense 844 845 — 850 (1) Federal Home Loan Bank advances 431 762 (43) 3,313 (87) Total interest expense 16,065 15,225 6 9,765 65 Net interest income 29,393 28,901 2 30,306 (3) Provision for loan losses 1,261 141 794 511 147 Net interest income after provision for loan losses 28,132 28,760 (2) 29,795 (6) Noninterest Income Service fees and charges 1,239 1,254 (1) % 1,230 1 % Bank card fees 1,751 1,575 11 1,715 2 Gain on sale of loans, net 126 87 45 26 385 Income from bank-owned life insurance 271 266 2 260 4 (Loss) gain on sale of assets, net (2) 6 (133) (3) 33 Other income 370 361 2 220 68 Total noninterest income 3,755 3,549 6 3,448 9 Noninterest Expense Compensation and benefits 12,788 12,170 5 % 12,601 1 % Occupancy 2,603 2,454 6 2,447 6 Marketing and advertising 485 466 4 442 10 Data processing and communication 2,555 2,514 2 2,132 20 Professional fees 581 475 22 459 27 Forms, printing and supplies 187 205 (9) 204 (8) Franchise and shares tax 487 488 — 541 (10) Regulatory fees 509 469 9 401 27 Foreclosed assets, net 89 65 37 50 78 Amortization of acquisition intangible 330 353 (7) 389 (15) (Reversal) provision for credit losses on unfunded commitments (134) — — 151 (189) Other expenses 1,328 1,209 10 1,142 16 Total noninterest expense 21,808 20,868 5 20,959 4 Income before income tax expense 10,079 11,441 (12) 12,284 (18) Income tax expense 1,961 2,242 (13) 2,503 (22) Net income $ 8,118 $ 9,199 (12) $ 9,781 (17) Earnings per share - basic $ 1.02 $ 1.15 (11) % $ 1.22 (16) % Earnings per share - diluted $ 1.02 $ 1.14 (11) % $ 1.21 (16) % Cash dividends declared per common share $ 0.25 $ 0.25 — % $ 0.25 — % HOME BANCORP, INC. AND SUBSIDIARY SUMMARY FINANCIAL INFORMATION (Unaudited) Quarter Ended (dollars in thousands, except per share data) 6/30/2024 3/31/2024 % Change 6/30/2023 % Change EARNINGS DATA Total interest income $ 45,458 $ 44,126 3 % $ 40,071 13 % Total interest expense 16,065 15,225 6 9,765 65 Net interest income 29,393 28,901 2 30,306 (3) Provision for loan losses 1,261 141 794 511 147 Total noninterest income 3,755 3,549 6 3,448 9 Total noninterest expense 21,808 20,868 5 20,959 4 Income tax expense 1,961 2,242 (13) 2,503 (22) Net income $ 8,118 $ 9,199 (12) $ 9,781 (17) AVERAGE BALANCE SHEET DATA Total assets $ 3,367,207 $ 3,333,883 1 % $ 3,250,190 4 % Total interest-earning assets 3,167,186 3,132,622 1 3,050,335 4 Total loans 2,652,331 2,602,941 2 2,491,029 6 PPP loans 5,156 5,393 (4) 6,100 (15) Total interest-bearing deposits 1,965,181 1,937,646 1 1,707,283 15 Total interest-bearing liabilities 2,206,612 2,189,597 1 2,039,815 8 Total deposits 2,716,957 2,680,909 1 2,538,800 7 Total shareholders' equity 373,139 370,761 1 348,414 7 PER SHARE DATA Earnings per share - basic $ 1.02 $ 1.15 (11) % $ 1.22 (16) % Earnings per share - diluted 1.02 1.14 (11) 1.21 (16) Book value at period end 46.51 45.73 2 42.22 10 Tangible book value at period end 35.90 35.17 2 31.59 14 Shares outstanding at period end 8,081,344 8,140,380 (1) 8,197,859 (1) Weighted average shares outstanding Basic 7,972,445 7,984,317 — % 8,042,434 (1) % Diluted 8,018,908 8,039,505 — 8,079,205 (1) SELECTED RATIOS (1) Return on average assets 0.97 % 1.11 % (13) % 1.21 % (20) % Return on average equity 8.75 9.98 (12) 11.26 (22) Common equity ratio 11.02 11.09 (1) 10.52 5 Efficiency ratio (2) 65.79 64.31 2 62.09 6 Average equity to average assets 11.08 11.12 — 10.72 3 Tier 1 leverage capital ratio (3) 11.22 11.19 — 10.78 4 Total risk-based capital ratio (3) 14.39 14.39 — 14.07 2 Net interest margin (4) 3.66 3.64 1 3.94 (7) SELECTED NON-GAAP RATIOS (1) Tangible common equity ratio (5) 8.73 % 8.75 % — % 8.09 % 8 % Return on average tangible common equity (6) 11.73 13.40 (12) 15.50 (24) (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) 6/30/2024 3/31/2024 6/30/2023 (dollars in thousands) Originated Acquired Total Originated Acquired Total Originated Acquired Total CREDIT QUALITY (1) Nonaccrual loans $ 12,594 $ 4,223 $ 16,817 $ 11,232 $ 4,139 $ 15,371 $ 6,806 $ 5,364 $ 12,170 Accruing loans 90 days or more past due 1 — 1 4,978 — 4,978 26 — 26 Total nonperforming loans 12,595 4,223 16,818 16,210 4,139 20,349 6,832 5,364 12,196 Foreclosed assets and ORE 16 215 231 1,539 62 1,601 121 80 201 Total nonperforming assets $ 12,611 $ 4,438 $ 17,049 $ 17,749 $ 4,201 $ 21,950 $ 6,953 $ 5,444 $ 12,397 Nonperforming assets to total assets 0.50 % 0.65 % 0.38 % Nonperforming loans to total assets 0.49 0.61 0.37 Nonperforming loans to total loans 0.63 0.78 0.49 (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. HOME BANCORP, INC. AND SUBSIDIARY SUMMARY CREDIT QUALITY INFORMATION - CONTINUED (Unaudited) 6/30/2024 3/31/2024 6/30/2023 CollectivelyEvaluated IndividuallyEvaluated Total CollectivelyEvaluated IndividuallyEvaluated Total CollectivelyEvaluated IndividuallyEvaluated Total ALLOWANCE FOR CREDIT LOSSES One- to four-family first mortgage $ 3,349 $ — $ 3,349 $ 3,275 $ — $ 3,275 $ 3,200 $ — $ 3,200 Home equity loans and lines 705 — 705 701 — 701 707 — 707 Commercial real estate 14,957 200 15,157 14,863 200 15,063 14,299 499 14,798 Construction and land 5,304 — 5,304 5,287 — 5,287 4,822 — 4,822 Multi-family residential 582 — 582 584 — 584 512 — 512 Commercial and industrial 6,320 58 6,378 5,733 73 5,806 5,734 121 5,855 Consumer 737 — 737 745 — 745 745 — 745 Total allowance for loan losses $ 31,954 $ 258 $ 32,212 $ 31,188 $ 273 $ 31,461 $ 30,019 $ 620 $ 30,639 Unfunded lending commitments(2) 2,460 — 2,460 2,594 — 2,594 2,454 — 2,454 Total allowance for credit losses $ 34,414 $ 258 $ 34,672 $ 33,782 $ 273 $ 34,055 $ 32,473 $ 620 $ 33,093 Allowance for loan losses to nonperforming assets 188.94 % 143.33 % 247.15 % Allowance for loan losses to nonperforming loans 191.53 % 154.61 % 251.22 % Allowance for loan losses to total loans 1.21 % 1.20 % 1.22 % Allowance for credit losses to total loans 1.30 % 1.30 % 1.32 % Year-to-date loan charge-offs $ 815 $ 241 $ 137 Year-to-date loan recoveries 88 24 152 Year-to-date net loan (charge-offs) recoveries $ (727) $ (217) $ 15 Annualized YTD net loan (charge-offs) recoveries to average loans (0.06) % (0.03) % — % (2) 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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