HOME BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
HBCP$61.45-0.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| For the Nine Months EndedSeptember 30, | ||
|---|---|---|
| (dollars in thousands) | 2024 | 2023 |
| Cash flows from operating activities: | ||
| Net income | $26,754 | $30,855 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for loan losses | 1,542 | 1,676 |
| Depreciation | 2,674 | 2,659 |
| Amortization and accretion of purchase accounting valuations and intangibles | 2,340 | 2,807 |
| Federal Home Loan Bank stock dividends | (422) | (391) |
| Net amortization of discount on investments | 222 | 292 |
| Amortization of subordinated debt issuance cost | 161 | 174 |
| Loss on sale of securities, net | — | 249 |
| Gain on loans sold, net | (408) | (770) |
| Proceeds, including principal payments, from loans held for sale | 37,839 | 12,510 |
| Originations of loans held for sale | (37,426) | (12,749) |
| Loss on sale of assets, net | 6 | 20 |
| Non-cash compensation | 1,997 | 1,756 |
| Deferred income tax expense | 72 | 31 |
| Decrease (increase) in accrued interest receivable and other assets | 1,633 | (9,641) |
| Increase in cash surrender value of bank-owned life insurance | (818) | (778) |
| Increase in accrued interest payable and other liabilities | 6,733 | 2,469 |
| Net cash provided by operating activities | 42,899 | 31,169 |
| Cash flows from investing activities: | ||
| Purchases of securities available for sale | (4,936) | — |
| Proceeds from maturities, prepayments and calls on securities available for sale | 29,135 | 36,561 |
| Proceeds from sales of securities available for sale | — | 13,762 |
| Increase in loans, net | (89,236) | (139,803) |
| Decrease in interest-bearing deposits in banks | 99 | 250 |
| Proceeds from sale of foreclosed assets | 1,879 | 426 |
| Purchases of office properties and equipment | (3,511) | (1,525) |
| Proceeds from sale of office properties and equipment | 153 | 4 |
| Purchase of Federal Home Loan Bank stock | (973) | (5,215) |
| Proceeds from redemption of Federal Home Loan Bank stock | 7,335 | — |
| Net cash used in investing activities | (60,055) | (95,540) |
| Cash flows from financing activities: | ||
| Increase (decrease) in deposits, net | 106,994 | (35,340) |
| Borrowings on Federal Home Loan Bank advances | 795,830 | 15,695,975 |
| Repayments of Federal Home Loan Bank advances | (950,133) | (15,588,365) |
| Proceeds from other borrowings | 135,000 | — |
| Proceeds from exercise of stock options | 18 | 102 |
| Issuance of stock under incentive plans, net | 269 | 21 |
| Dividends paid to shareholders | (6,090) | (6,185) |
| Purchase of Company’s common stock | (4,686) | (4,718) |
| Net cash provided by financing activities | 77,202 | 61,490 |
| Net change in cash and cash equivalents | 60,046 | (2,881) |
| Cash and cash equivalents, beginning | 75,831 | 87,401 |
| Cash and cash equivalents, ending | $135,877 | $84,520 |
| Supplementary cash flow information: | ||
| Interest paid on deposits and borrowed funds | $46,202 | $26,344 |
| Income taxes paid | 6,516 | 11,105 |
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