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Joseph Zanco
Chief Financial Officer
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Home Bank News
Jan 29, 2019

Home Bancorp, Inc. (Nasdaq: "HBCP") (the "Company"), the parent company for Home Bank, N.A. (the "Bank") (www.home24bank.com), reported results for the fourth quarter and full year ended December...

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Home Bancorp Announces 2018 Fourth Quarter Results And Declares Quarterly Dividend

LAFAYETTE, La., Jan. 29, 2019 /PRNewswire/ -- Home Bancorp, Inc. (Nasdaq: "HBCP") (the "Company"), the parent company for Home Bank, N.A. (the "Bank") (www.home24bank.com), reported results for the fourth quarter and full year ended December 31, 2018.  Net income for the fourth quarter of 2018 was $8.1 million, or $0.87 per diluted common share ("EPS"), compared to $8.3 million, or $0.89 EPS, for the third quarter of 2018. The fourth quarter concluded a record earnings year for the Company with net income totaling $31.6 million and EPS of $3.40, which represents an 88% increase in net income and a 49% increase in EPS for 2018 compared to 2017.

Home Bank Logo. (PRNewsFoto/Home Bancorp, Inc.) (PRNewsFoto/)

Key performance metrics for the fourth quarter of 2018 include:

  • Return on average assets, return on average equity and return on average tangible common equity were 1.50%, 10.75% and 14.36%, respectively;
  • Loans grew at an annualized rate of 4%;
  • Acquired nonperforming assets increased $4.9 million, net charge-offs totaled $1.0 million and the provision for loan losses was $1.6 million;
  • Deposits were essentially flat and the cost of deposits increased 19 basis points;
  • The net interest margin declined by 16 basis points;
  • Two federal income tax related items reduced income tax expense by $1.2 million; and
  • Common equity ratio and tangible common equity ratio grew to 14.12% and 11.40%, respectively, as of December 31, 2018

"For the fifth consecutive year, we posted record earnings," stated John W. Bordelon, President and Chief Executive Officer of the Company and the Bank. "We've achieved this level of success because of a growing number of wonderful customers and the dedicated employees who provide the highest level of service."

"As some of our larger competitors increasingly reduce their face-to-face interactions with their business customers," continued Bordelon, "we're seeing more and more opportunity to build meaningful relationships with those businesses and the people they serve."

The Company also announced that its Board of Directors declared a quarterly cash dividend on shares of its common stock of $0.20 per share payable on February 22, 2019, to shareholders of record as of February 11, 2019.

Loans and Credit Quality

Loans totaled $1.6 billion at December 31, 2018, an increase of $16.7 million, or 1%, from September 30, 2018.  Construction and land and commercial real estate ("CRE") loans fueled loan growth during the fourth quarter of 2018. Construction loan growth was across multiple industries, including education, medical, industrial services and multi-family properties.  CRE loan growth was driven primarily by a participation buyback related to the St. Martin Bancshares, Inc. ("SMB") acquisition.                 

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











December 31,


September 30,


Increase/(Decrease)


(dollars in thousands)


2018


2018


Amount


Percent


Real estate loans:










     One- to four-family first mortgage

$

450,363

$

456,797

$

(6,434)


(1)

%

     Home equity loans and lines


83,976


86,405


(2,429)


(3)


     Commercial real estate


640,575


629,297


11,278


2


     Construction and land


193,597


174,573


19,024


11


     Multi-family residential


54,455


56,153


(1,698)


(3)


        Total real estate loans


1,422,966


1,403,225


19,741


1


Other loans:










     Commercial and industrial


172,934


173,938


(1,004)


(1)


     Consumer


53,854


55,856


(2,002)


(4)


        Total other loans


226,788


229,794


(3,006)


(1)


Total loans

$

1,649,754

$

1,633,019

$

16,735


1

%

Nonperforming assets ("NPAs"), excluding purchased credit impaired loans, totaled $26.0 million at December 31, 2018, an increase of $4.5 million, or 21%, compared to September 30, 2018. The ratio of NPAs to total assets was 1.21% at December 31, 2018, compared to 1.00% at September 30, 2018.   The rise in NPAs during the fourth quarter was due primarily to the acquired SMB loan portfolio.  Management believes it has sufficient fair-value discounts recorded on the SMB loan portfolio to absorb loan losses associated with these loans without the need for additional provision to the allowance for loan losses.    

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.

The Company's provision for loan losses for the fourth quarter of 2018 was $1.6 million, compared to $786,000 for the third quarter of 2018.  The provision for loan losses during the fourth quarter related primarily to downgrades in two organic loan relationships and loan growth. 

The ratio of the allowance for loan losses to total loans was 0.99% at December 31, 2018, compared to 0.96% at September 30, 2018.  Excluding acquired loans, the ratio of the allowance for loan losses to total loans was 1.36% at December 31, 2018, compared to 1.38% at September 30, 2018.

Direct Energy Exposure

The outstanding balance of direct loans to borrowers in the energy sector totaled $45.6 million, or 3% of total outstanding loans, at December 31, 2018, compared to $46.9 million at September 30, 2018.  Unfunded loan commitments to customers in the energy sector totaled $10.1 million at December 31, 2018, compared to $10.2 million at September 30, 2018.    At December 31, 2018, loans constituting 97% of the balance of our direct energy-related portfolio were performing in accordance with their original loan agreements. The Company holds no shared national credits.

The allowance for loan losses attributable to originated direct energy-related loans totaled 2.39% of the outstanding balance of originated energy-related portfolio at December 31, 2018, compared to 2.50% at September 30, 2018.

Deposits

Total deposits were $1.8 billion at December 31, 2018, an increase of $1.9 million compared to September 30, 2018.   The cost of interest-bearing deposits increased 19 basis points during the quarter as management increased rates on several accounts and has offered special rates to attract new deposits. 

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











December 31,


September 30,


Increase/(Decrease)


(dollars in thousands)


2018


2018


Amount


Percent


Demand deposits

$

438,146

$

447,422

$

(9,276)


(2)

%

Savings


201,393


207,379


(5,986)


(3)


Money market


295,705


293,313


2,392


1


NOW


486,979


474,250


12,729


3


Certificates of deposit


350,994


348,948


2,046


1


        Total deposits

$

1,773,217

$

1,771,312

$

1,905


-

%











Net Interest Income

Net interest income for the fourth quarter of 2018 totaled $22.7 million, a decrease of $855,000, or 4%, compared to the third quarter of 2018. Net interest income decreased primarily due to a $622,000 increase in the cost of deposits and the absence of $515,000 of interest income recognized in the third quarter of 2018 upon the repayment in full of certain loans which had been on nonaccrual status.  The Company's net interest margin was 4.58% for the fourth quarter of 2018, 16 basis points lower than the third quarter of 2018, primarily due to the reasons noted above.

The following table sets forth 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 are calculated using a marginal tax rate of 21%. 



For the Three Months Ended



December 31, 2018



September 30, 2018

(dollars in thousands)


Average
Balance


Interest

Average
Yield/
Rate



Average
Balance


Interest

Average
Yield/
Rate


Interest-earning assets:













Loans receivable













   Originated loans

$

1,060,098

$

14,725

5.46

%

$

1,014,808

$

14,365

5.57

%

   Acquired loans


573,829


9,130

6.27



617,031


9,753

6.23


        Total loans receivable


1,633,927


23,855

5.75



1,631,839


24,118

5.82


Investment securities (TE)


276,812


1,758

2.60



278,353


1,694

2.50


Other interest-earning assets


43,503


290

2.65



48,628


297

2.47


Total interest-earning assets

$

1,954,242

$

25,903

5.24

%

$

1,958,820

$

26,109

5.27

%














Interest-bearing liabilities:













Deposits:













Savings, checking, and money market

$

980,045

$

1,866

0.76

%

$

979,919

$

1,379

0.56

%

Certificates of deposit


344,729


1,068

1.23



350,308


933

1.06


Total interest-bearing deposits


1,324,774


2,934

0.88



1,330,227


2,312

0.69


Other borrowings


4,877


47

3.79



-


-

-


FHLB advances


59,025


267

1.81



64,209


287

1.79


Total interest-bearing liabilities

$

1,388,676

$

3,248

0.93

%

$

1,394,436

$

2,599

0.74

%














Net interest spread (TE)





4.31

%





4.53

%

Net interest margin (TE)





4.58

%





4.74

%

Noninterest Income

Noninterest income for the fourth quarter of 2018 totaled $3.3 million, a decrease of $62,000, or 2%, compared to the third quarter of 2018.  Decreases in service fees and charges and write-downs on two soon-to-be-relocated branch locations drove the decrease in noninterest income. The decrease in noninterest income was partially offset by an increase in the gains on the sale of mortgage loans and additional fee income generated from a $2.6 million equity investment in a New Market Tax Credit ("NMTC") recorded in other income.

Noninterest Expense

Noninterest expense for the fourth quarter of 2018 totaled $15.6 million, a decrease of 1% compared to the third quarter of 2018. A decrease in franchise and shares tax expense was partially offset by an increase in other expense. Other expenses for the fourth quarter of 2018 increased primarily due to the amortization of the Company's investment in a NMTC totaling $285,000.

Income Tax Expense

Income tax expense for the fourth quarter of 2018 totaled $616,000, a decrease of $1.5 million, or 71%, compared to the third quarter of 2018. The Company's effective tax rate for the fourth quarter of 2018 equaled 7.1%, compared to 20.3% for the third quarter of 2018. Income tax expense for the fourth quarter of 2018 was reduced by $1.2 million primarily due to an updated analysis of the Company's depreciation of certain assets as the result of a cost segregation study that reduced fourth quarter income tax expense by $819,000 and a $400,000 reduction related to the recognition of certain tax credits and benefits upon its new investment in a Federal NMTC project.  The benefit of the cost segregation study is not expected to be recurring, while the savings related to NMTC are expected to be achieved annually for the next six years. 

Non-GAAP Reconciliation 







For the Three Months Ended

(dollars in thousands, except  per share data)


December 31,

2018



September 30,

2018



December 31,
2017


Reported net income

$

8,089


$

8,262


$

3,242


Add: CDI amortization, net tax


346



355



152


Non-GAAP tangible income

$

8,435


$

8,617


$

3,394












Total Assets

$

2,153,658


$

2,140,530


$

2,228,121


Less: Intangible assets


66,055



66,493



68,033


Non-GAAP tangible assets

$

2,087,603


$

2,074,037


$

2,160,088












Total shareholders' equity

$

304,040


$

295,688


$

277,871


Less: Intangible assets


66,055



66,493



68,033


Non-GAAP tangible shareholders' equity

$

237,985


$

229,195


$

209,838












Originated loans

$

1,095,160


$

1,042,198


$

941,922


Acquired loans


554,594



590,821



715,873


Total loans

$

1,649,754


$

1,633,019


$

1,657,795












Originated allowance for loan losses

$

14,859


$

14,392


$

14,303


Acquired allowance for loan losses


1,489



1,351



504


Total allowance for loan losses

$

16,348


$

15,743


$

14,807












Return on average equity


10.72

%


11.17

%


5.92

%

Add: Intangible assets


3.64



3.92



1.07


Non-GAAP return on tangible common equity


14.36

%


15.09

%


6.99

%











Return on average equity


10.72

%


11.17

%


5.92

%

Add: Average intangible assets


3.64



3.92



1.07


Adjusted return on average tangible common equity


14.36

%


15.09

%


6.99

%











Common equity ratio


14.12

%


13.81

%


12.47

%

Less: Intangible assets


2.72



2.76



2.76


Non-GAAP tangible common equity ratio


11.40

%


11.05

%


9.71

%











Book value per share

$

32.14


$

31.19


$

29.57


Less: Intangible assets


6.98



7.01



7.24


Non-GAAP tangible book value per share

$

25.16


$

24.18


$

22.33


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 acquired loans and 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. 

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, 2017, 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 forward‑looking statements are made or to reflect the occurrence of unanticipated events.

HOME BANCORP, INC. AND SUBSIDIARY

CONDENSED STATEMENTS OF FINANCIAL CONDITION




















December 31,


December 31,


%



September 30,

(dollars in thousands)

2018


2017


Change



2018

Assets









Cash and cash equivalents

$        59,618


$      150,418


(60)

%


$        61,724

Interest-bearing deposits in banks

939


2,421


(61)



1,184

Investment securities available for sale, at fair value

260,131


234,993


11



258,948

Investment securities held to maturity

10,872


13,034


(17)



10,942

Mortgage loans held for sale

2,086


5,873


(64)



3,470

Loans, net of unearned income

1,649,754


1,657,795


-



1,633,019

Allowance for loan losses

(16,348)


(14,807)


10



(15,743)

     Total loans, net of allowance for loan losses

1,633,406


1,642,988


(1)



1,617,276

Office properties and equipment, net

47,124


45,605


3



45,758

Cash surrender value of bank-owned life insurance

29,560


28,904


2



29,394

Goodwill and core deposit intangibles

66,055


68,033


(3)



66,493

Accrued interest receivable and other assets

43,867


35,852


22



45,341

Total Assets

$   2,153,658


$   2,228,121


(3)



$    2,140,530



















Liabilities









Deposits

$   1,773,217


$   1,866,227


(5)

%


$    1,771,312

Other Borrowings

5,539


-


-



-

Federal Home Loan Bank advances

58,698


71,825


(18)



59,577

Accrued interest payable and other liabilities

12,165


12,198


-



13,953

Total Liabilities

1,849,619


1,950,250


(5)



1,844,842










Shareholders' Equity









Common stock

95


94


1

%


95

Additional paid-in capital

168,242


165,341


2



167,942

Common stock acquired by benefit plans

(3,539)


(3,922)


(10)



(3,648)

Retained earnings 

141,447


117,313


21



135,848

Accumulated other comprehensive income 

(2,206)


(955)


(131)



(4,549)

Total Shareholders' Equity

304,039


277,871


9



295,688

Total Liabilities and Shareholders' Equity

$   2,153,658


$   2,228,121


(3)



$    2,140,530

 

HOME BANCORP, INC. AND SUBSIDIARY

CONDENSED STATEMENTS OF INCOME


























 For The Three Months Ended 





 For the Year Ended 





 December 31, 


%



 December 31, 


%


(dollars in thousands except per share data)

2018

2017


Change



2018

2017


Change


Interest Income












Loans, including fees

$ 23,855

$ 20,420


17

%


$ 94,303

$          69,167


36

%

Investment securities

1,758

1,253


40



6,656

4,531


47


Other investments and deposits

290

297


(2)



1,353

700


93


Total interest income

25,903

21,970


18



102,312

74,398


38














Interest Expense












Deposits

2,934

1,623


81

%


9,076

5,161


76

%

Other borrowings expense

47

-


-



46

-


-


Federal Home Loan Bank advances

267

321


(17)



1,184

1,388


(15)


Total interest expense

3,248

1,944


67



10,306

6,549


57


Net interest income

22,655

20,026


13



92,006

67,849


36


Provision for loan losses

1,612

1,200


34



3,943

2,317


70


Net interest income after provision for loan losses

21,043

18,826


12



88,063

65,532


34














Noninterest Income












Service fees and charges

1,558

1,246


25

%


6,370

4,229


51

%

Bank card fees

1,089

835


30



4,494

3,003


50


Gain on sale of loans, net

258

277


(7)



872

1,196


(27)


Income from bank-owned life insurance

166

133


25



656

494


33


Loss on the closure or sale of assets, net

(130)

(15)


(767)



(52)

(162)


68


Other income

338

203


67



1,107

1,202


(8)


Total noninterest income

3,279

2,679


22



13,447

9,962


35














Noninterest Expense












Compensation and benefits

9,304

7,432


25

%


36,796

28,162


31

%

Occupancy

1,603

1,354


18



6,658

5,065


31


Marketing and advertising

310

206


50



1,162

1,008


15


Data processing and communication

1,819

1,253


45



7,646

4,329


77


Professional fees

263

771


(66)



1,119

1,590


(30)


Forms, printing and supplies

162

184


(12)



973

594


64


Franchise and shares tax

(61)

360


(117)



1,030

948


9


Regulatory fees

382

312


22



1,559

1,264


23


Foreclosed assets, net

150

(68)


321



397

(298)


233


Other expenses

1,685

951


77



5,885

3,515


67


Total noninterest expense

15,617

12,755


22



63,225

46,177


37


Income before income tax expense

8,705

8,750


(1)



38,285

29,317


31


Income tax expense

616

5,508


(89)



6,695

12,493


(46)


Net income

$  8,089

$  3,242


150



$ 31,590

$          16,824


88














Earnings per share - basic

$    0.89

$    0.43


107

%


$    3.48

$             2.36


47

%

Earnings per share - diluted

$    0.87

$    0.41


112



$    3.40

$             2.28


49














Cash dividends declared per common share

$    0.20

$    0.14


43

%


$    0.71

$             0.55


29

%

 

HOME BANCORP, INC. AND SUBSIDIARY

SUMMARY FINANCIAL INFORMATION




























 For The Three Months Ended 





 For The Three  






 December 31, 


%



 Months Ended 



%



2018


2017


 Change 



 September 30, 2018 



 Change 


(dollars in thousands except per share data)













EARNINGS DATA













Total interest income

$       25,903


$       21,970


18

%


$           26,109



(1)

%

Total interest expense

3,248


1,944


67



2,599



25


Net interest income

22,655


20,026


13



23,510



(4)


Provision for loan losses

1,612


1,200


34



786



105


Total noninterest income

3,279


2,679


22



3,341



(2)


Total noninterest expense

15,617


12,755


22



15,696



(1)


Income tax expense

616


5,508


(89)



2,107



(71)


Net income

$        8,089


$        3,242


150



$             8,262



(2)















AVERAGE BALANCE SHEET DATA













Total assets

$  2,137,771


$  1,767,451


21

%


$       2,137,422



-

%

Total interest-earning assets

1,954,242


1,647,456


19



1,958,820



-


Total loans

1,633,927


1,346,870


21



1,631,839



-


Total interest-bearing deposits

1,324,774


1,139,602


16



1,330,227



-


Total interest-bearing liabilities

1,388,676


1,207,494


15



1,394,436



-


Total deposits

1,771,539


1,473,346


20



1,775,846



-


Total shareholders' equity

299,340


217,626


38



293,367



2















SELECTED RATIOS (1)













Return on average assets

1.50

%

0.73

%

105

%


1.53

%


(2)

%

Return on average equity

10.72


5.91


81



11.17



(4)


Common equity ratio

14.12


12.47


13



13.81



2


Efficiency ratio (2)

60.22


56.18


7



58.46



3


Average equity to average assets

14.00


12.31


14



13.73



2


Tier 1 leverage capital ratio(3) 

11.15


11.66


(4)



10.73



4


Total risk-based capital ratio(3) 

15.54


13.48


15



14.90



4


Net interest margin (4)

4.58


4.81


(5)



4.74



(3)















SELECTED NON-GAAP RATIOS (1)













Tangible common equity ratio(5)

11.40

%

9.71

%

17

%


11.05

%


3

%

Return on average tangible common equity(6) 

14.36


6.98


106



15.09



(5)















PER SHARE DATA













Earnings per share - basic

$          0.89


$          0.43


106



$              0.91



(3)

%

Earnings per share - diluted

0.87


0.41


112



0.89



(2)


Book value at period end

32.14


29.57


9



31.19



3


Tangible book value at period end

25.16


22.33


13



24.18



4


Shares outstanding at period end

9,459,050


9,395,488


1

%


9,479,611



-


Weighted average shares outstanding













   Basic

9,118,875


7,547,051


21

%


9,098,206



-

%

   Diluted

9,304,637


7,832,187


19



9,321,360



-








(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)

Estimated capital ratios are end of period ratios for the Bank only.

(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% for periods in 2018 and 35% for periods in 2017.

(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












































December 31, 2018


September 30, 2018


December 31, 2017


Acquired


Originated


Total



Acquired


Originated


Total



Acquired


Originated


Total


(dollars in thousands)





















CREDIT QUALITY(1) 





















Nonaccrual loans (2) 

$  9,032


$   15,380


$ 24,412



$ 5,070


$ 15,805


$ 20,875



$ 2,654


$ 22,379


$ 25,033


Accruing loans past due 90 days and over

-


-


-



-


-


-



-


-


-


Total nonperforming loans

9,032


15,380


24,412



5,070


15,805


20,875



2,654


22,379


25,033


Foreclosed assets

1,412


146


1,558



485


86


571



584


144


728


Total nonperforming assets

10,444


15,526


25,970



5,555


15,891


21,446



3,238


22,523


25,761


Performing troubled debt restructurings

289


1,117


1,406



288


1,338


1,626



1,020


1,516


2,536


Total nonperforming assets and troubled debt restructurings





















$ 10,733


$   16,643


$ 27,376



$ 5,843


$ 17,229


$ 23,072



$ 4,258


$ 24,039


$ 28,297























Nonperforming assets to total assets





1.21

%






1.00

%






1.16

%

Nonperforming loans to total assets 





1.13







0.98







1.12


Nonperforming loans to total loans 





1.48







1.28







1.51


Allowance for loan losses to nonperforming assets





62.95







73.41







57.48


Allowance for loan losses to nonperforming loans





66.97







75.42







59.15


Allowance for loan losses to total loans





0.99







0.96







0.89























Year-to-date loan charge-offs





$  2,581







$  1,564







$     463


Year-to-date loan recoveries





179







169







443


Year-to-date net loan charge-offs 





$  2,402







$  1,395







$       20


Annualized YTD net loan charge-offs to average loans





0.15

%






0.11

%






-

%







(1)

Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due. Purchased credit impaired loans accounted for in pools with an accretable yield are considered to be performing and are excluded from nonperforming loans. Nonperforming assets consist of nonperforming loans and repossessed assets.  It is our policy to cease accruing interest on loans 90 days or more past due. Repossessed assets consist of assets acquired through foreclosure or acceptance of title in-lieu of foreclosure.

(2) 

Nonaccrual loans include originated restructured loans placed on nonaccrual totaling $10.3 million, $9.0 million and $7.5 million at December 31, 2018, September 30, 2018 and December 31, 2017, respectively. Acquired restructured loans placed on nonaccrual totaled $4.2 million, $868,000 and $353,000 at December 31, 2018, September 30, 2018 and December 31, 2017, respectively.   

 

SOURCE Home Bancorp, Inc.

For further information: John W. Bordelon, President and CEO, (337) 237-1960