| Condensed Parent Company Only Financial Statements |
Condensed Parent Company Only Financial Statements Condensed financial statements of Home Bancorp, Inc. (parent company only) are shown below. The parent company has no significant operating activities. Condensed Balance Sheets For the Years Ended December 31, 2025 and 2024 | | | | | | | | | | | | | | | | (dollars in thousands) | | 2025 | | 2024 | | Assets | | | | | | Cash in bank | | $ | 6,680 | | | $ | 5,295 | | | Investment in subsidiary | | 472,495 | | | 435,839 | | | Other assets | | 10,678 | | | 9,488 | | | Total assets | | $ | 489,853 | | | $ | 450,622 | | | Liabilities | | | | | | Subordinated debt, net of issuance cost | | $ | 54,675 | | | $ | 54,459 | | | Other liabilities | | 84 | | | 75 | | | Total liabilities | | $ | 54,759 | | | $ | 54,534 | | | Shareholders’ equity | | 435,094 | | | 396,088 | | | Total liabilities and shareholders’ equity | | $ | 489,853 | | | $ | 450,622 | |
Condensed Statements of Income For the Years Ended December 31, 2025, 2024 and 2023 | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | | 2025 | | 2024 | | 2023 | | Operating income | | | | | | | | | | | | | | | Dividend from subsidiary | | $ | 26,000 | | | $ | 13,000 | | | $ | 15,000 | | | Total operating income | | 26,000 | | | 13,000 | | | 15,000 | | | Operating expenses | | | | | | | | Other expenses | | 436 | | | 369 | | | 340 | | | Total operating expenses | | 436 | | | 369 | | | 340 | | | Interest expense | | | | | | | | Subordinated debt expense | | 3,379 | | | 3,381 | | | 3,390 | | | Total interest expense | | 3,379 | | | 3,381 | | | 3,390 | | | Income before income tax benefit and equity in undistributed earnings of subsidiary | | 22,185 | | | 9,250 | | | 11,270 | | | Income tax benefit | | 801 | | | 788 | | | 783 | | | Income before equity in undistributed earnings of subsidiary | | 22,986 | | | 10,038 | | | 12,053 | | | Undistributed earnings of subsidiary | | 23,076 | | | 26,389 | | | 28,187 | | | Net income | | $ | 46,062 | | | $ | 36,427 | | | $ | 40,240 | |
Condensed Statements of Cash Flows For the Years Ended December 31, 2025, 2024 and 2023 | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | | 2025 | | 2024 | | 2023 | | Cash flows from operating activities | | | | | | | | Net income | | $ | 46,062 | | | $ | 36,427 | | | $ | 40,240 | | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | Non-cash compensation | | 1,980 | | | 1,643 | | | 1,468 | | | Amortization of subordinated debt issuance cost | | 216 | | | 218 | | | 228 | | | Increase in accrued interest receivable and other assets | | (1,190) | | | (1,281) | | | (558) | | | Undistributed earnings in subsidiary | | (23,076) | | | (26,389) | | | (28,187) | | | Decrease in accrued expenses and other liabilities | | 9 | | | 40 | | | — | | | Net cash provided by operating activities | | 24,001 | | | 10,658 | | | 13,191 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cash flows from financing activities | | | | | | | | Proceeds from exercise of stock options | | 87 | | | 130 | | | 102 | | | | | | | | | | Payment of dividends on common stock | | (8,988) | | | (8,189) | | | (8,222) | | | Issuance of stock under incentive plan | | 640 | | | 886 | | | 329 | | | Purchase of Company’s common stock | | (14,355) | | | (4,774) | | | (5,259) | | | Net cash used in financing activities | | (22,616) | | | (11,947) | | | (13,050) | | | Net change in cash and cash equivalents | | 1,385 | | | (1,289) | | | 141 | | | Cash and cash equivalents at beginning of year | | 5,295 | | | 6,584 | | | 6,443 | | | Cash and cash equivalents at end of year | | $ | 6,680 | | | $ | 5,295 | | | $ | 6,584 | |
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