About Home Bancorp

Home Bancorp, Inc. operates as the bank holding company for Home Bank, National Association that provides various banking products and services. The bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The company’s principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (‘FHLB’) of Dallas. These funds are primarily used for the origination of loans, including one-to four-family first mortgage loans, home equity loans and lines, commercial real estate loans, construction and land loans, multi-family residential loans, commercial and industrial loans and consumer loans. The bank derives its income principally from interest earned on loans and investment securities and, to a lesser extent, from fees received in connection with the origination of loans, service charges on deposit accounts and for other services. Although the company continues to be an active originator of residential home mortgage loans and other consumer loans in the company’s market areas, the company’s efforts are focused on originating commercial real estate loans and commercial and industrial loans. Commercial real estate loans and commercial and industrial loans are deemed attractive due to their generally higher yields and shorter anticipated lives compared to single-family residential mortgage loans. In addition, the bank views commercial real estate and commercial and industrial loans as attractive lending products because the bank’s commercial borrowers typically maintain deposit accounts at the bank, increasing the bank’s core deposits. Market Area The company conducts business through 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 Houston region of Texas. On March 26, 2022, the company completed the acquisition of Friendswood Capital Corporation (‘Friendswood’), the former holding company of Texan Bank, N.A. (‘Texan Bank’) of Houston, Texas, expanding the company's market area to Houston. Investment Securities Portfolio As of December 31, 2022, the company’s investment securities portfolio included U.S. agency mortgage-backed securities, collateralized mortgage obligations, municipal bonds, U.S. government agency securities, and corporate bonds. Deposits The company offers a variety of deposit accounts with a range of interest rates and terms. The company’s deposits consist of checking, both interest-bearing and noninterest-bearing, money market, savings and certificate of deposit accounts. Supervision and Regulation The company is subject to regulation as a bank holding company by the Board of Governors of the Federal Reserve System (the ‘FRB’ or the ‘Federal Reserve’). The bank is subject to federal regulation and oversight by the Office of the Comptroller of the Currency (‘OCC’). The bank is also subject to regulation and examination by the FDIC, which insures the deposits of the bank to the maximum extent permitted by law, and requirements established by the Federal Reserve. The business activities of the company are generally limited to those activities permissible for bank holding companies under Section 4(c)(8) of the bank Holding Company Act and certain additional activities authorized by the Federal Reserve regulations. The company has registered its common stock with the Securities and Exchange Commission under Section 12(b) of the Securities Exchange Act of 1934. Accordingly, the company is subject to the proxy and tender offer rules, insider trading reporting requirements and restrictions and certain other requirements under the Securities Exchange Act of 1934. As a public company, the company is subject to the Sarbanes-Oxley Act of 2002, which addresses, among other issues, corporate governance, auditing and accounting, executive compensation and enhanced and timely disclosure of corporate information. The bank is subject to regulation and oversight by the Office of the Comptroller of the Currency (OCC) extending to all aspects of its operations. As part of this authority, the bank is required to file periodic reports with the OCC and is subject to periodic examinations by the OCC and the Federal Deposit Insurance Corporation (FDIC). The deposits of the bank are insured to the maximum extent permitted by the Deposit Insurance Fund and are backed by the full faith and credit of the U.S. government. The Office of the Comptroller of the Currency is required to assess the bank’s record of compliance with the Community Reinvestment Act. The bank received an ‘Outstanding’ Community Reinvestment Act rating in its most recent federal examination. The bank is subject to Sections 22(g) and (h) of the Federal Reserve Act. The Consumer Financial Protection Bureau has broad rulemaking authority for a wide range of consumer protection laws that apply to all providers of consumer products and services, including the bank, as well as the authority to prohibit ‘unfair, deceptive or abusive’ acts and practices. Financial institutions operating in the United States must develop anti-money laundering compliance programs, due diligence policies and controls to ensure the detection and reporting of money laundering. Such compliance programs are intended to supplement compliance requirements, also applicable to financial institutions, under the bank Secrecy Act and the Office of Foreign Assets Control Regulations. The bank has established policies and procedures to ensure compliance with these provisions. The bank is a member of the Federal Home Loan Bank of Dallas. History Home Bancorp, Inc. was founded in 1908.