UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended: June 30, 2012

or

¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from              to             

Commission File Number: 001-34190

HOME BANCORP, INC.

(Exact name of Registrant as specified in its charter)

Louisiana	71-1051785
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification Number)
503 Kaliste Saloom Road, Lafayette, Louisiana	70508
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (337) 237-1960

Not Applicable

(Former Name, Former Address and Former Fiscal Year, if changed since last report)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days.    YES  x    NO  ¨

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    YES  x    NO  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    YES  ¨  NO  x

At August 1, 2012, the registrant had 7,665,668 shares of common stock, $0.01 par value, outstanding.

HOME BANCORP, INC. and SUBSIDIARY

TABLE OF CONTENTS

		Page
PART I
Item 1.	Financial Statements (unaudited)
	Consolidated Statements of Financial Condition		1
	Consolidated Statements of Income		2
	Consolidated Statements of Comprehensive Income		3
	Consolidated Statements of Changes in Shareholders’ Equity		4
	Consolidated Statements of Cash Flows		5
	Notes to Unaudited Consolidated Financial Statements		6
Item 2.	Managements’ Discussion and Analysis of Financial Condition and Results of Operations		21
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		33
Item 4.	Controls and Procedures		33
PART II
Item 1.	Legal Proceedings		33
Item 1A.	Risk Factors		34
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		34
Item 3.	Defaults Upon Senior Securities		34
Item 4.	Mine Safety Disclosure		34
Item 5.	Other Information		34
Item 6.	Exhibits		35
SIGNATURES			36

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

	(Unaudited) June  30, 2012			(Audited) December 31, 2011
Assets
Cash and cash equivalents	$	51,211,525		$	31,272,508
Interest-bearing deposits in banks		4,509,000			5,583,000
Investment securities available for sale, at fair value		152,718,411			155,259,978
Investment securities held to maturity (fair values of $2,517,333 and $3,574,684, respectively)		2,422,574			3,461,717
Mortgage loans held for sale		4,832,498			1,672,597
Loans covered by loss sharing agreements		46,827,556			61,070,360
Noncovered loans, net of unearned income		632,944,049			605,301,127
Total loans, net of unearned income		679,771,605			666,371,487
Allowance for loan losses		(5,314,386	)		(5,104,363	)
Total loans, net of unearned income and allowance for loan losses		674,457,219			661,267,124
Office properties and equipment, net		30,618,073			31,763,692
Cash surrender value of bank-owned life insurance		17,033,380			16,771,174
FDIC loss sharing receivable		22,827,051			24,222,190
Accrued interest receivable and other assets		27,885,771			32,515,158
Total Assets	$	988,515,502		$	963,789,138
Liabilities
Deposits:
Noninterest-bearing	$	151,769,758		$	127,827,509
Interest-bearing		627,464,180			602,906,246
Total deposits		779,233,938			730,733,755
Short-term Federal Home Loan Bank (FHLB) advances		15,251,316			52,634,218
Long-term Federal Home Loan Bank (FHLB) advances		39,623,329			40,988,736
Accrued interest payable and other liabilities		15,375,621			5,147,595
Total Liabilities		849,484,204			829,504,304
Shareholders’ Equity
Preferred stock, $0.01 par value - 10,000,000 shares authorized; none issued		—			—
Common stock, $0.01 par value - 40,000,000 shares authorized; 8,945,175 and 8,933,435 shares issued; 7,693,769 and 7,759,954 shares outstanding, respectively		89,453			89,335
Additional paid-in capital		90,069,141			89,741,406
Treasury stock at cost - 1,251,406 and 1,173,481 shares, respectively		(17,208,855	)		(15,892,315	)
Unallocated common stock held by:					—
Employee Stock Ownership Plan (ESOP)		(5,802,450	)		(5,980,990	)
Recognition and Retention Plan (RRP)		(1,863,646	)		(2,644,523	)
Retained earnings		71,058,483			67,245,350
Accumulated other comprehensive income		2,689,172			1,726,571
Total Shareholders’ Equity		139,031,298			134,284,834
Total Liabilities and Shareholders’ Equity	$	988,515,502		$	963,789,138

The accompanying Notes are an integral part of these Consolidated Financial Statements.

1

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2012		2011		2012		2011
Interest Income
Loans, including fees	$	10,383,044	$	7,265,525	$	20,754,401	$	14,426,178
Investment securities		812,148		817,359		1,671,631		1,778,180
Other investments and deposits		35,068		34,542		69,466		71,263
Total interest income		11,230,260		8,117,426		22,495,498		16,275,621
Interest Expense
Deposits		1,084,579		1,035,004		2,216,427		2,212,053
Short-term FHLB advances		15,608		7,143		31,450		8,055
Long-term FHLB advances		162,158		107,944		327,152		207,671
Total interest expense		1,262,345		1,150,091		2,575,029		2,427,779
Net interest income		9,967,915		6,967,335		19,920,469		13,847,842
Provision for loan losses		1,160,326		264,673		1,872,226		366,949
Net interest income after provision for loan losses		8,807,589		6,702,662		18,048,243		13,480,893
Noninterest Income
Service fees and charges		583,916		545,599		1,153,858		1,020,423
Bank card fees		484,408		444,093		952,692		842,188
Gain on sale of loans, net		417,934		121,293		744,105		225,687
Income from bank-owned life insurance		130,927		146,937		262,206		292,356
Gain/(loss) on sale of securities, net		59,079		—		59,247		(166,082	)
Discount accretion of FDIC loss sharing receivable		175,622		231,263		353,131		469,932
Settlement of litigation		—		525,000		—		525,000
Other income		47,773		87,323		74,335		113,906
Total noninterest income		1,899,659		2,101,508		3,599,574		3,323,410
Noninterest Expense
Compensation and benefits		4,826,649		3,915,112		9,522,358		7,913,520
Occupancy		702,003		559,165		1,396,945		1,124,426
Marketing and advertising		184,890		215,145		336,364		376,195
Data processing and communication		666,999		572,000		1,339,340		1,113,507
Professional services		255,483		427,520		487,736		847,252
Forms, printing and supplies		140,449		147,093		266,715		261,074
Franchise and shares tax		175,651		180,501		351,302		361,001
Regulatory fees		213,018		200,642		411,175		430,382
Foreclosed assets, net		242,726		105,766		510,724		153,900
Other expenses		635,046		488,152		1,229,077		936,963
Total noninterest expense		8,042,914		6,811,096		15,851,736		13,518,220
Income before income tax expense		2,664,334		1,993,074		5,796,081		3,286,083
Income tax expense		911,659		725,627		1,982,948		1,223,952
Net Income	$	1,752,675	$	1,267,447	$	3,813,133	$	2,062,131
Earnings per share:
Basic	$	0.25	$	0.18	$	0.55	$	0.29
Diluted	$	0.24	$	0.17	$	0.53	$	0.28

The accompanying Notes are an integral part of these Consolidated Financial Statements.

2

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2012			2011		2012			2011
Net Income	$	1,752,675		$	1,267,447	$	3,813,133		$	2,062,131
Other Comprehensive Income
Unrealized gains on investment securities (net of taxes, $73,016, $69,026, $539,060 and $215,757, respectively)	$	135,602		$	133,992	$	1,001,112		$	418,822
Reclassification adjustment for losses (gains) included in net income, (net of taxes, $20,678, $0, $20,736 and $56,468, respectively)		(38,401	)		—		(38,511	)		109,614
Other comprehensive income, net of taxes	$	97,201		$	133,992	$	962,601		$	528,436
Comprehensive Income	$	1,849,876		$	1,401,439	$	4,775,734		$	2,590,567

The accompanying Notes are an integral part of these Consolidated Financial Statements.

3

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

	Common Stock		Additional Paid-in Capital			Treasury Stock			Unallocated Common Stock Held by ESOP			Unallocated Common Stock Held by RRP			Retained Earnings		Accumulated Other Comprehensive Income		Total
Balance, December 31, 2010(1)	$	89,270	$	88,818,862		$	(10,425,725	)	$	(6,338,070	)	$	(3,432,486	)	$	62,125,568	$	692,523	$	131,529,942
Comprehensive income:
Net income																2,062,131				2,062,131
Other Comprehensive income																		528,436		528,436
Treasury stock acquired at cost, 99,798 shares							(1,424,207	)												(1,424,207	)
Exercise of stock options		42		48,048																48,090
RRP shares released for allocation				(702,485	)								778,515							76,030
ESOP shares released for allocation				80,486						178,540										259,026
Share-based compensation cost				677,548																677,548
Balance, June 30, 2011	$	89,312	$	88,922,459		$	(11,849,932	)	$	(6,159,530	)	$	(2,653,971	)	$	64,187,699	$	1,220,959	$	133,756,996
Balance, December 31, 2011(1)	$	89,335	$	89,741,406		$	(15,892,315	)	$	(5,980,990	)	$	(2,644,523	)	$	67,245,350	$	1,726,571	$	134,284,834
Comprehensive income:
Net income																3,813,133				3,813,133
Other Comprehensive income																		962,601		962,601
Treasury stock acquired at cost, 77,925 shares							(1,316,540	)												(1,316,540	)
Exercise of stock options		118		135,606																135,724
RRP shares released for allocation				(650,966	)								780,877							129,911
ESOP shares released for allocation				117,370						178,540										295,910
Share-based compensation cost				725,725																725,725
Balance, June 30, 2012	$	89,453	$	90,069,141		$	(17,208,855	)	$	(5,802,450	)	$	(1,863,646	)	$	71,058,483	$	2,689,172	$	139,031,298

⁽¹⁾  Balances as of December 31, 2010 and December 31, 2011 are audited.

The accompanying Notes are an integral part of these Consolidated Financial Statements.

4

HOME BANCORP, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	For the Six Months Ended
	June 30,
	2012			2011
Cash flows from operating activities, net of effects of acquisition:
Net income	$	3,813,133		$	2,062,131
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses		1,872,226			366,949
Depreciation		728,844			612,622
Amortization of purchase accounting valuations and intangibles		513,692			2,918,441
Net amortization of mortgage servicing asset		70,220			18,020
Federal Home Loan Bank stock dividends		(9,800	)		(2,300	)
Net amortization of discount on investments		(391,479	)		(212,342	)
Loss (gain) on sale of investment securities, net		(59,247	)		166,082
Gain on loans sold, net		(666,078	)		(121,293	)
Proceeds, including principal payments, from loans held for sale		16,317,991			13,008,932
Originations of loans held for sale		(13,714,739	)		(13,137,317	)
Non-cash compensation		1,021,635			936,574
Deferred income tax provision (benefit)		202,102			(989,264	)
(Increase) decrease in interest receivable and other assets		(2,219,162	)		1,632,634
Increase in cash surrender value of bank-owned life insurance		(262,206	)		(292,356	)
Increase in accrued interest payable and other liabilities		262,653			1,088,041
Net cash provided by operating activities		7,479,785			8,055,554
Cash flows from investing activities, net of effects of acquisition:
Purchases of securities available for sale		(16,615,599	)		(60,585,865	)
Purchases of securities held to maturity		—			(3,000,000	)
Proceeds from maturities, prepayments and calls on securities available for sale		18,595,696			28,638,650
Proceeds from maturities, prepayments and calls on securities held to maturity		1,038,819			10,966,171
Proceeds from sales on securities available for sale		12,497,315			3,675,141
Net increase in loans		(21,777,565	)		(15,306,490	)
Reimbursement from FDIC for covered assets		1,748,270			1,772,878
(Increase) decrease in certificates of deposit in other institutions		1,074,000			(406,000	)
Proceeds from sale of repossessed assets		4,850,102			419,997
Purchases of office properties and equipment		(544,775	)		(256,059	)
Proceeds from sale of properties and equipment		1,048,771			—
Proceeds from redemption of Federal Home Loan Bank stock		1,396,100			—
Purchases of Federal Home Loan Bank stock		—			(1,493,300	)
Net cash provided by (used in) investing activities		3,311,134			(35,574,877	)
Cash flows from financing activities, net of effects of acquisition:
Increase (decrease) in deposits		48,799,017			(25,987,130	)
Increase (decrease) in Federal Home Loan Bank advances		(38,470,103	)		39,500,000
Purchase of treasury stock		(1,316,540	)		(1,424,207	)
Proceeds from exercise of stock options		135,724			48,090
Net cash provided by financing activities		9,148,098			12,136,753
Net change in cash and cash equivalents		19,939,017			(15,382,570	)
Cash and cash equivalents at beginning of year		31,272,508			36,970,638
Cash and cash equivalents at end of period	$	51,211,525		$	21,588,068

The accompanying Notes are an integral part of these Consolidated Financial Statements.

5

HOME BANCORP, INC. AND SUBSIDIARY

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Presentation

The accompanying unaudited financial statements of the Company were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the financial statements have been included. The results of operations for the six-month period ended June 30, 2012 are not necessarily indicative of the results which may be expected for the entire fiscal year. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) for the year ended December 31, 2011.

In preparing the financial statements, the Company is required to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the Company’s financial condition, results of operations, changes in equity and cash flows for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.

Certain amounts reported in prior periods have been reclassified to conform to the current period presentation. Such reclassifications had no effect on previously reported equity or net income.

2. Accounting Developments

In May 2011, the FASB issued ASU No. 2011-04, Fair Value Measurement. ASU 2011-04 amends the fair value measurement and disclosure requirements in order to gain consistency between the generally accepted accounting principles in the United States and the International Financial Reporting Standards. The guidance, which became effective on January 1, 2012, did not have a material impact on the Company’s results of operations, financial position or disclosures.

In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income. ASU 2011-05 requires entities to present the total of comprehensive income, the components of net income and the components of other comprehensive income in a single continuous statement of comprehensive income or in two separate consecutive statements. The revised financial statement presentation for comprehensive income became effective on January 1, 2012 and has been incorporated into this quarterly report on Form 10-Q.

In September 2011, the FASB issued ASU No. 2011-08, Intangibles—Goodwill and Other. ASU 2011-08 amends the accounting guidance on goodwill impairment testing. The amendments in this accounting standard update are intended to reduce complexity and costs by allowing an entity the option to make a qualitative evaluation about the likelihood of goodwill impairment to determine whether it should calculate the fair value of a reporting unit. The amendments also improve previous guidance by expanding upon the examples of events and circumstances that an entity should consider between annual impairment tests in determining whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The adoption of ASU 2011-08 became effective on January 1, 2012. The adoption of the guidance did not have a material impact on the Company’s results of operations, financial position or disclosures.

6

3. Investment Securities

Summary information regarding investment securities classified as available for sale and held to maturity as of June 30, 2012 and December 31, 2011 is as follows.

(dollars in thousands)					Gross Unrealized Losses
June 30, 2012	Amortized Cost		Gross Unrealized Gains		Less Than 1 Year		Over 1 Year		Fair Value
Available for sale:
U.S. agency mortgage-backed	$	106,150	$	3,224	$	5	$	—	$	109,369
Non-U.S. agency mortgage-backed		13,746		126		8		236		13,628
Municipal bonds		11,542		651		—		—		12,193
U.S. government agency		17,143		387		2		—		17,528
Total available for sale	$	148,581	$	4,388	$	15	$	236	$	152,718
Held to maturity:
U.S. agency mortgage-backed	$	1,451	$	23	$	—	$	—	$	1,474
Municipal bonds		972		71		—		—		1,043
Total held to maturity	$	2,423	$	94	$	—	$	—	$	2,517

(dollars in thousands)					Gross Unrealized Losses
December 31, 2011	Amortized Cost		Gross Unrealized Gains		Less Than 1 Year		Over 1 Year		Fair Value
Available for sale:
U.S. agency mortgage-backed	$	113,692	$	2,879	$	42	$	—	$	116,529
Non-U.S. agency mortgage-backed		14,833		37		766		425		13,679
Municipal bonds		11,598		623		—		—		12,221
U.S. government agency		12,521		310		—		—		12,831
Total available for sale	$	152,644	$	3,849	$	808	$	425	$	155,260
Held to maturity:
U.S. agency mortgage-backed	$	2,289	$	49	$	—	$	—	$	2,338
Municipal bonds		1,173		64		—		—		1,237
Total held to maturity	$	3,462	$	113	$	—	$	—	$	3,575

7

The amortized cost and estimated fair value by maturity of the Company’s investment securities as of June 30, 2012 are shown in the following table. Securities are classified according to their contractual maturities without consideration of principal amortization, potential prepayments or call options. The expected maturity of a security may differ from its contractual maturity because of prepayments or the exercise of call options. Accordingly, actual maturities may differ from contractual maturities.

(dollars in thousands)	One Year or Less		One Year to Five Years		Five to Ten Years		Over Ten Years		Total
Fair Value
Securities available for sale:
U.S. agency mortgage-backed	$	—	$	1,256	$	8,788	$	99,325	$	109,369
Non-U.S. agency mortgage-backed		—		—		—		13,628		13,628
Municipal bonds		—		3,238		6,032		2,923		12,193
U.S. government agency		—		5,912		6,117		5,499		17,528
Total available for sale	$	—	$	10,406	$	20,937	$	121,375	$	152,718
Securities held to maturity:
U.S. agency mortgage-backed	$	17	$	1,017	$	440	$	—	$	1,474
Municipal bonds		—		1,043		—		—		1,043
Total held to maturity		17		2,060		440		—		2,517
Total investment securities	$	17	$	12,466	$	21,377	$	121,375	$	155,235

(dollars in thousands)	One Year or Less		One Year to Five Years		Five to Ten Years		Over Ten Years		Total
Amortized Cost
Securities available for sale:
U.S. agency mortgage-backed	$	—	$	1,184	$	8,666	$	96,300	$	106,150
Non-U.S. agency mortgage-backed		—		—		—		13,746		13,746
Municipal bonds		—		3,148		5,649		2,745		11,542
U.S. government agency		—		5,863		5,975		5,305		17,143
Total available for sale	$	—	$	10,195	$	20,290	$	118,096	$	148,581
Securities held to maturity:
U.S. agency mortgage-backed	$	17	$	997	$	437	$	—	$	1,451
Municipal bonds		—		972		—		—		972
Total held to maturity		17		1,969		437		—		2,423
Total investment securities	$	17	$	12,164	$	20,727	$	118,096	$	151,004

Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic and market conditions warrant such evaluations. Consideration is given to (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; and (3) the Company’s intent to sell a security or whether it is more likely than not the Company will be required to sell the security before the recovery of its amortized cost, which may extend to maturity.

The Company has developed a process to identify securities that could potentially have a credit impairment that is other-than-temporary. This process involves evaluating each security for impairment by monitoring credit performance, collateral type, collateral geography, bond credit support, loan-to-value ratios, credit scores, loss severity levels, pricing levels, downgrades by rating agencies, cash flow projections and other factors as indicators of potential credit issues. The Company performs a credit analysis based on different credit scenarios at least quarterly to detect impairment on its investment securities. When the Company determines that a security is deemed to be other-than-temporarily impaired, an impairment loss is recognized.

8

As of June 30, 2012 and December 31, 2011, the Company had $38,795,000 and $20,912,000, respectively, of securities pledged to secure public deposits.

4. Earnings Per Share

Earnings per common share were computed based on the following:

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except per share data)	2012		2011		2012		2011
Numerator:
Operating income available to common shareholders	$	1,753	$	1,267	$	3,813	$	2,062
Denominator:
Weighted average common shares outstanding		6,972		7,191		6,963		7,184
Effect of dilutive securities:
Restricted stock		77		78		87		85
Stock options		186		68		166		38
Weighted average common shares outstanding – assuming dilution		7,235		7,337		7,216		7,307
Earnings per common share	$	0.25	$	0.18	$	0.55	$	0.29
Earnings per common share – assuming dilution	$	0.24	$	0.17	$	0.53	$	0.28

Options on 42,764 and 14,429 shares of common stock were not included in computing diluted earnings per share for the three months ended June 30, 2012 and June 30, 2011, respectively, because the effect of these shares was anti-dilutive. Options on 39,797 and 12,714 shares of common stock were not included in computing diluted earnings per share for the six months ended June 30, 2012 and June 30, 2011, respectively, because the effect of these shares was anti-dilutive.

5. Credit Quality and Allowance for Loan Losses

The allowance for loan losses and recorded investment in loans as of the dates indicated are as follows.

	As of June 30, 2012
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Loans Acquired with Deteriorated Credit Quality		Total
Allowance for loan losses:
One- to four-family first mortgage	$	756	$	46	$	—	$	802
Home equity loans and lines		336		—		—		336
Commercial real estate		1,929		89		—		2,018
Construction and land		702		135		—		837
Multi-family residential		103		—		—		103
Commercial and industrial		792		—		50		842
Consumer		376		—		—		376
Total allowance for loan losses	$	4,994	$	270	$	50	$	5,314

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	As of June 30, 2012
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Loans Acquired with Deteriorated Credit Quality		Total
Loans:
One- to four-family first mortgage	$	160,749	$	1,415	$	11,063	$	173,227
Home equity loans and lines		37,441		77		4,017		41,535
Commercial real estate		232,542		7,364		28,539		268,445
Construction and land		59,781		2,130		4,131		66,042
Multi-family residential		17,189		528		2,424		20,141
Commercial and industrial		76,278		70		1,603		77,951
Consumer		31,802		—		629		32,431
Total loans	$	615,782	$	11,584	$	52,406	$	679,772

	As of December 31, 2011
(dollars in thousands)	Collectively Evaluated for Impairment		Individually Evaluated for Impairment		Loans Acquired with Deteriorated Credit Quality		Total
Allowance for loan losses:
One- to four-family first mortgage	$	706	$	72	$	—	$	778
Home equity loans and lines		321		15		—		336
Commercial real estate		1,626		129		—		1,755
Construction and land		708		196		—		904
Multi-family residential		64		—		—		64
Commercial and industrial		806		66		50		922
Consumer		345		—		—		345
Total allowance for loan losses	$	4,576	$	478	$	50	$	5,104
Loans:
One- to four-family first mortgage	$	168,943	$	1,090	$	12,784	$	182,817
Home equity loans and lines		38,406		94		5,165		43,665
Commercial real estate		190,553		2,249		34,197		226,999
Construction and land		71,207		2,305		5,481		78,993
Multi-family residential		16,392		529		3,204		20,125
Commercial and industrial		78,495		136		4,350		82,981
Consumer		29,529		—		1,262		30,791
Total loans	$	593,525	$	6,403	$	66,443	$	666,371

A summary of the activity in the allowance for loan losses during the six months ended June 30, 2012 and June 30, 2011 is as follows.

	For the Six Months Ended June 30, 2012
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Allowance for loan losses:
One- to four-family first mortgage	$	778	$	—		$	—	$	24		$	802
Home equity loans and lines		336		(15	)		12		3			336
Commercial real estate		1,755		(1,452	)		—		1,715			2,018
Construction and land		904		(151	)		—		84			837
Multi-family residential		64		—			—		39			103
Commercial and industrial		922		(55	)		4		(29	)		842
Consumer		345		(11	)		6		36			376
Total allowance for loan losses	$	5,104	$	(1,684	)	$	22	$	1,872		$	5,314

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	For the Six Months Ended June 30, 2011
(dollars in thousands)	Beginning Balance		Charge-offs			Recoveries		Provision			Ending Balance
Allowance for loan losses:
One- to four-family first mortgage	$	641	$	—		$	10	$	(43	)	$	608
Home equity loans and lines		296		—			—		13			309
Commercial real estate		1,258		—			4		209			1,471
Construction and land		666		—			—		(7	)		659
Multi-family residential		46		—			—		1			47
Commercial and industrial		746		(244	)		13		161			676
Consumer		267		(16	)		3		33			287
Total allowance for loan losses	$	3,920	$	(260	)	$	30	$	367		$	4,057

On March 12, 2010, the Bank acquired certain assets and liabilities of the former Statewide Bank in a Federal Deposit Insurance Corporation (“FDIC”) assisted transaction. In connection with the transaction, Home Bank entered into loss sharing agreements with the FDIC which cover the acquired loan portfolio (“Covered Loans”) and repossessed assets (collectively referred to as “Covered Assets”). Under the terms of the loss sharing agreements, the FDIC will, subject to the terms and conditions of the agreements, absorb 80% of the first $41,000,000 of losses incurred on Covered Assets and 95% of losses on Covered Assets exceeding $41,000,000 during the periods specified in the loss sharing agreements.

On July 15, 2011, the Company acquired GS Financial Corp. (“GSFC”), the former holding company of Guaranty Savings Bank of Metairie, Louisiana. Loans acquired in the transaction were accounted for under the purchase method of accounting. A portion of the GSFC loan portfolio was determined to have deteriorated credit quality and was recorded at their aggregate fair value of $6.2 million at the date of acquisition.

Over the life of the loans acquired with deteriorated credit quality, the Company continues to estimate cash flows expected to be collected on individual loans or on pools of loans sharing common risk characteristics. The Company evaluates whether the present values of such loans have decreased and if so, a provision for loan loss is recognized. For any increases in cash flows expected to be collected, the Company adjusts the amount of accretable yield recognized on a prospective basis over the remaining life of the applicable pool of loans.

Credit quality indicators on the Company’s loan portfolio, excluding loans acquired with deteriorated credit quality, as of the dates indicated are as follows.

	June 30, 2012
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
One- to four-family first mortgage	$	156,056	$	2,365	$	3,743	$	—	$	162,164
Home equity loans and lines		36,773		209		536		—		37,518
Commercial real estate		225,015		3,695		11,196		—		239,906
Construction and land		58,518		651		2,742		—		61,911
Multi-family residential		16,906		227		584		—		17,717
Commercial and industrial		72,975		3,280		93		—		76,348
Consumer		31,734		56		12		—		31,802
Total loans	$	597,977	$	10,483	$	18,906	$	—	$	627,366

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	December 31, 2011
(dollars in thousands)	Pass		Special Mention		Substandard		Doubtful		Total
One- to four-family first mortgage	$	165,997	$	2,595	$	1,441	$	—	$	170,033
Home equity loans and lines		37,849		320		331		—		38,500
Commercial real estate		176,651		11,435		4,716		—		192,802
Construction and land		69,537		1,595		2,380		—		73,512
Multi-family residential		16,164		228		529		—		16,921
Commercial and industrial		74,823		3,621		187		—		78,631
Consumer		29,429		22		78		—		29,529
Total loans	$	570,450	$	19,816	$	9,662	$	—	$	599,928

The above classifications follow regulatory guidelines and can generally be described as follows:

• Pass loans are of satisfactory quality.

• Special mention loans have an existing weakness that could cause future impairment, including the deterioration of financial ratios, past due status, questionable management capabilities and possible reduction in the collateral values.

• Substandard loans have an existing specific and well-defined weakness that may include poor liquidity and deterioration of financial performance. Such loans may be past due and related deposit accounts experiencing overdrafts. Immediate corrective action is necessary.

• Doubtful loans have specific weaknesses that are severe enough to make collection or liquidation in full highly questionable and improbable.

In addition, residential loans are classified using an inter-agency regulatory methodology that incorporates the extent of delinquencies and loan-to-value ratios. These classifications were the most current available as of the dates indicated and were generally updated within the quarter. Loans acquired with deteriorated credit quality are excluded from the schedule of credit quality indicators.

Age analysis of past due loans, excluding loans acquired with deteriorated credit quality, as of the dates indicated is as follows.

	June 30, 2012
(dollars in thousands)	30-59 Days Past  Due		60-89 Days Past  Due		Greater Than  90 Days Past Due		Total Past Due		Current Loans		Total Loans
Real estate loans:
One- to four-family first mortgage	$	4,185	$	986	$	1,797	$	6,968	$	155,196	$	162,164
Home equity loans and lines		42		—		272		314		37,204		37,518
Commercial real estate		271		—		7,797		8,068		231,838		239,906
Construction and land		165		—		1,347		1,512		60,399		61,911
Multi-family residential		921		—		584		1,505		16,212		17,717
Total real estate loans		5,584		986		11,797		18,367		500,849		519,216
Other loans:
Commercial and industrial		308		75		—		383		75,965		76,348
Consumer		104		92		12		208		31,594		31,802
Total other loans		412		167		12		591		107,559		108,150
Total loans	$	5,996	$	1,153	$	11,809	$	18,958	$	608,408	$	627,366

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	December 31, 2011
(dollars in thousands)	30-59 Days Past  Due		60-89 Days Past  Due		Greater Than  90 Days Past Due		Total Past Due		Current Loans		Total Loans
Real estate loans:
One- to four-family first mortgage	$	3,740	$	451	$	2,053	$	6,244	$	163,789	$	170,033
Home equity loans and lines		242		—		171		413		38,087		38,500
Commercial real estate		1,384		704		1,862		3,950		188,852		192,802
Construction and land		1,376		13		812		2,201		71,311		73,512
Multi-family residential		944		—		707		1,651		15,270		16,921
Total real estate loans		7,686		1,168		5,605		14,459		477,309		491,768
Other loans:
Commercial and industrial		309		95		—		404		78,227		78,631
Consumer		216		38		50		304		29,225		29,529
Total other loans		525		133		50		708		107,452		108,160
Total loans	$	8,211	$	1,301	$	5,655	$	15,167	$	584,761	$	599,928

Excluding acquired loans, as of June 30, 2012 and December 31, 2011, the Company did not have any loans greater than 90 days past due and accruing.

The following is a summary of information pertaining to impaired loans excluding acquired loans as of the dates indicated.

	For the Six Months Ended June 30, 2012
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	1,044	$	1,044	$	—	$	829	$	28
Home equity loans and lines		77		77		—		78		2
Commercial real estate		7,221		7,221		—		2,329		92
Construction and land		1,001		1,001		—		546		29
Multi-family residential		528		528		—		528		—
Commercial and industrial		70		70		—		60		1
Consumer		—		—		—		—		—
Total	$	9,941	$	9,941	$	—	$	4,370	$	152
With an allowance recorded:
One- to four-family first mortgage	$	371	$	371	$	46	$	522	$	12
Home equity loans and lines		—		—		—		6		—
Commercial real estate		143		143		89		447		—
Construction and land		1,129		1,129		135		1,469		22
Multi-family residential		—		—		—		—		—
Commercial and industrial		—		—		—		55		—
Consumer		—		—		—		—		—
Total	$	1,643	$	1,643	$	270	$	2,499	$	34
Total impaired loans:
One- to four-family first mortgage	$	1,415	$	1,415	$	46	$	1,351	$	40
Home equity loans and lines		77		77		—		84		2
Commercial real estate		7,364		7,364		89		2,776		92
Construction and land		2,130		2,130		135		2,015		51
Multi-family residential		528		528		—		528		—
Commercial and industrial		70		70		—		115		1
Consumer		—		—		—		—		—
Total	$	11,584	$	11,584	$	270	$	6,869	$	186

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	For the Year Ended December 31, 2011
(dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
One- to four-family first mortgage	$	540	$	540	$	—	$	745	$	28
Home equity loans and lines		79		79		—		58		3
Commercial real estate		1,747		1,747		—		996		60
Construction and land		734		734		—		672		40
Multi-family residential		529		529		—		41		25
Commercial and industrial		70		70		—		55		4
Consumer		—		—		—		—		—
Total	$	3,699	$	3,699	$	—	$	2,567	$	160
With an allowance recorded:
One- to four-family first mortgage	$	550	$	550	$	72	$	78	$	38
Home equity loans and lines		15		15		15		10		1
Commercial real estate		501		501		129		301		14
Construction and land		1,572		1,572		196		510		88
Multi-family residential		—		—		—		25		—
Commercial and industrial		66		66		66		130		3
Consumer		—		—		—		2		—
Total	$	2,704	$	2,704	$	478	$	1,056	$	144
Total impaired loans:
One- to four-family first mortgage	$	1,090	$	1,090	$	72	$	823	$	66
Home equity loans and lines		94		94		15		68		4
Commercial real estate		2,249		2,249		129		1,297		74
Construction and land		2,305		2,305		196		1,182		128
Multi-family residential		529		529		—		66		25
Commercial and industrial		136		136		66		185		7
Consumer		—		—		—		2		—
Total	$	6,403	$	6,403	$	478	$	3,623	$	304

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A summary of information pertaining to nonaccrual Noncovered Loans as of dates indicated is as follows.

(dollars in thousands)	June 30, 2012		December 31, 2011
Nonaccrual loans(1):
One- to four-family first mortgage	$	2,977	$	4,298
Home equity loans and lines		272		191
Commercial real estate		9,658		4,194
Construction and land		1,470		813
Multi-family residential		1,383		1,322
Commercial and industrial		70		139
Consumer		12		50
Total	$	15,842	$	11,007

⁽¹⁾ Includes $8.8 million and $7.2 million in acquired loans from GSFC as of June 30, 2012 and December 31, 2011, respectively.

As of June 30, 2012, the Company was not committed to lend additional funds to any customer whose loan was classified as impaired.

Troubled Debt Restructurings

During the course of its lending operations, the Company periodically grants concessions to its customers in an attempt to protect as much of its investment as possible and to minimize risk of loss. These concessions may include restructuring the terms of a customer loan to alleviate the burden of the customer’s near-term cash requirements. Effective January 1, 2011, the Company adopted the provisions of ASU No. 2011-02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring, which provides clarification on the determination of whether loan restructurings are considered troubled debt restructurings (“TDRs”). In accordance with the ASU, in order to be considered a TDR, the Company must conclude that the restructuring of a loan to a borrower who is experiencing financial difficulties constitutes a “concession”. The Company defines a concession as a modification of existing terms granted to a borrower for economic or legal reasons related to the borrower’s financial difficulties that the Company would otherwise not consider. The concession is either granted through an agreement with the customer or is imposed by a court or law. Concessions include modifying original loan terms to reduce or defer cash payments required as part of the loan agreement, including but not limited to:

• a reduction of the stated interest rate for the remaining original life of the debt,

• an extension of the maturity date or dates at an interest rate lower than the current market rate for new debt with similar risk characteristics,

• a reduction of the face amount or maturity amount of the debt, or

• a reduction of accrued interest receivable on the debt.

In its determination of whether the customer is experiencing financial difficulties, the Company considers numerous indicators, including, but not limited to:

• whether the customer is currently in default on its existing loan, or is in an economic position where it is probable the customer will be in default on its loan in the foreseeable future without a modification,

• whether the customer has declared or is in the process of declaring bankruptcy,

• whether there is substantial doubt about the customer’s ability to continue as a going concern,

• whether, based on its projections of the customer’s current capabilities, the Company believes the customer’s future cash flows will be insufficient to service the debt, including interest, in accordance with the contractual terms of the existing agreement for the foreseeable future, and

• whether, without modification, the customer cannot obtain sufficient funds from other sources at an effective interest rate equal to the current market rate for similar debt for a non-troubled debtor.

If the Company concludes that both a concession has been granted and the concession was granted to a customer experiencing financial difficulties, the Company identifies the loan as a TDR. For purposes of the determination

15

of an allowance for loan losses on TDRs, such loans are reviewed for specific impairment in accordance with the Company’s allowance for loan loss methodology. If it is determined that losses are probable on such TDRs, either because of delinquency or other credit quality indicators, the Company specifically allocates a portion of the allowance for loan losses to these loans.

Information about the Company’s TDRs is presented in the following tables.

	As of June 30, 2012
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Real estate loans:
One- to four-family first mortgage	$	303	$	—	$	—	$	303
Home equity loans and lines		—		—		—		—
Commercial real estate		308		—		1,274		1,582
Construction and land		191		—		—		191
Multi-family residential		—		—		678		678
Total real estate loans		802		—		1,952		2,754
Other loans:
Commercial and industrial		12		—		—		12
Consumer		37		—		—		37
Total other loans		49		—		—		49
Total loans	$	851	$	—	$	1,952	$	2,803

	As of December 31, 2011
(dollars in thousands)	Current		Past Due Greater Than 30 Days		Nonaccrual TDRs		Total TDRs
Real estate loans:
One- to four-family first mortgage	$	—	$	—	$	—	$	—
Home equity loans and lines		15		—		—		15
Commercial real estate		319		—		117		436
Construction and land		198		—		—		198
Multi-family residential		—		—		—		—
Total real estate loans		532		—		117		649
Other loans:
Commercial and industrial		22		—		—		22
Consumer		44		—		—		44
Total other loans		66		—		—		66
Total loans	$	598	$	—	$	117	$	715

None of the TDRs defaulted subsequent to the restructuring through the date the financial statements were issued. The Company restructured as TDRs three loans totaling $2.3 million during the second quarter of 2012.

6. Fair Value Disclosures

The Company groups its financial assets and liabilities measured at fair value in three levels as required by ASC 820, Fair Value Measurements and Disclosures. Under this guidance, fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the inputs used to develop those assumptions and measure fair value. The hierarchy requires companies to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

• Level 1 – Quoted prices in active markets for identical assets or liabilities.

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• Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

• Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Management reviews and updates the fair value hierarchy classifications of the Company’s assets and liabilities quarterly.

Recurring Basis

Investment Securities Available for Sale

Fair values of investment securities available for sale are primarily measured using information from a third-party pricing service. This pricing service provides pricing information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers and reference data from market research publications. If quoted prices are available in an active market, investment securities are classified as Level 1 measurements. If quoted prices are not available in an active market, fair values are estimated primarily by the use of pricing models. Level 2 investment securities are primarily comprised of mortgage-backed securities issued by government agencies and U.S. government-sponsored enterprises. In certain cases, where there is limited or less transparent information provided by the Company’s third-party pricing service, fair value is estimated by the use of secondary pricing services or through the use of non-binding third-party broker quotes. Investment securities are classified within Level 3 when little or no market activity supports the fair value.

Management primarily identifies investment securities which may have traded in illiquid or inactive markets by identifying instances of a significant decrease in the volume and frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. Investment securities that are deemed to have been trading in illiquid or inactive markets may require the use of significant unobservable inputs. For example, management may use quoted prices for similar investment securities in the absence of a liquid and active market for the investment securities being valued. As of June 30, 2012, management did not make adjustments to prices provided by the third-party pricing service as a result of illiquid or inactive markets.

The following tables present the balances of assets and liabilities measured on a recurring basis as of June 30, 2012 and December 31, 2011.

			Fair Value Measurements Using
(dollars in thousands)	June 30, 2012		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	109,369	$	—	$	109,369	$	—
Non-U.S. agency mortgage-backed		13,628		—		13,628		—
Municipal bonds		12,193		—		12,193		—
U.S. government agency		17,528		—		17,528		—
Total	$	152,718	$	—	$	152,718	$	—

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			Fair Value Measurements Using
(dollars in thousands)	December 31, 2011		Level 1		Level 2		Level 3
Available for sale securities:
U.S. agency mortgage-backed	$	116,529	$	—	$	116,529	$	—
Non-U.S. agency mortgage-backed		13,679		—		13,679		—
Municipal bonds		12,221		—		12,221		—
U.S. government agency		12,831		—		12,831		—
Total	$	155,260	$	—	$	155,260	$	—

The Company did not record any liabilities at fair value for which measurement of the fair value was made on a recurring basis.

Nonrecurring Basis

In accordance with the provisions of ASC 310, Receivables, the Company records loans considered impaired at fair value. A loan is considered impaired if it is probable the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Fair value is measured at the fair value of the collateral for collateral-dependent loans. For non-collateral-dependent loans, fair value is measured by present valuing expected future cash flows. Impaired loans are classified as Level 3 assets when measured using appraisals from external parties of the collateral less any prior liens and there is no observable market price. Repossessed assets are initially recorded at fair value less estimated costs to sell. The fair value of repossessed assets is based on property appraisals and an analysis of similar properties available. As such, the Company classifies repossessed assets as Level 3 assets. Repossessed assets are classified as Level 3 assets when an appraised value is not available or management determines the fair value of the property is further impaired below the appraised value and there is no observable market price.

Acquired loans, the FDIC loss sharing receivable, acquired FHLB advances, and acquired interest-bearing deposit liabilities are measured on a nonrecurring basis using significant unobservable inputs (Level 3).

The Company has segregated all financial assets and liabilities that are measured at fair value on a nonrecurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date in the table below.

			Fair Value Measurements Using
(dollars in thousands)	June 30, 2012		Level 1		Level 2		Level 3
Assets
Acquired loans with deteriorated credit quality	$	52,356	$	—	$	—	$	52,356
Acquired loans without deteriorated credit quality		127,762		—		—		127,762
Impaired loans, excluding acquired loans		11,314		—		—		11,314
Repossessed assets		4,867		—		—		4,867
FDIC loss sharing receivable		22,827		—		—		22,827
Total	$	219,126	$	—	$	—	$	219,126
Liabilities
Deposits acquired through business combinations	$	99,581	$	—	$	—	$	99,581
FHLB advances acquired through business combinations		19,875		—		—		19,875
Total	$	119,456	$	—	$	—	$	119,456

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			Fair Value Measurements Using
(dollars in thousands)	December 31, 2011		Level 1		Level 2		Level 3
Assets
Acquired loans with deteriorated credit quality	$	66,393	$	—	$	—	$	66,393
Acquired loans without deteriorated credit quality		155,064		—		—		155,064
Impaired loans, excluding acquired loans		5,925		—		—		5,925
Repossessed assets		8,964		—		—		8,964
FDIC loss sharing receivable		24,222		—		—		24,222
Total	$	260,568	$	—	$	—	$	260,568
Liabilities
Deposits acquired through business combinations	$	129,034	$	—	$	—	$	129,034
FHLB advances acquired through business combinations		34,123		—		—		34,123
Total	$	163,157	$	—	$	—	$	163,157

ASC 820, Fair Value Measurements and Disclosures, requires the disclosure of each class of financial instruments for which it is practicable to estimate. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. ASC 820 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial statement. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates included herein are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the fair value of assets and liabilities that are not required to be recorded or disclosed at fair value like premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

The carrying value of cash and cash equivalents and interest-bearing deposits in banks approximate their fair value.

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The fair value for investment securities is determined from quoted market prices when available. If a quoted market price is not available, fair value is estimated using third party pricing services or quoted market prices of securities with similar characteristics.

The fair value of mortgage loans held for sale and loans are estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturity.

The cash surrender value of bank-owned life insurance (“BOLI”) approximates its fair value.

The fair value of the FDIC loss sharing receivable is determined by discounting projected cash flows from loss sharing agreements based on expected reimbursements for losses at the applicable loss sharing percentages based on the terms of the loss sharing agreements.

The fair value of customer deposits, excluding certificates of deposit, is the amount payable on demand. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.

The fair value of short-term FHLB advances is the amount payable at maturity. The fair value of long-term FHLB advances is estimated using the rates currently offered for advances of similar maturities.

Fair Value Limitations

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect the premium or discount on any particular financial instrument that could result from the sale of the Company’s entire holdings. Fair value estimates are based on many judgments. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets and liabilities that are not considered financial instruments include deferred income taxes, premises and equipment and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

The following table presents estimated fair values of the Company’s financial instruments as of the dates indicated.

			Fair Value Measurements at June 30, 2012
(dollars in thousands)	Carrying Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	51,212	$	51,212	$	51,212	$	—	$	—
Interest-bearing deposits in banks		4,509		4,509		4,509		—		—
Investment securities available for sale		152,718		152,718		—		152,718		—
Investment securities held to maturity		2,423		2,517		—		2,517		—
Mortgage loans held for sale		4,832		4,832		—		—		4,832
Loans, net		674,457		686,178		—		—		686,178
Cash surrender value of BOLI		17,033		17,033		17,033		—		—
FDIC loss sharing receivable		22,827		22,827		—		—		22,827
Financial Liabilities
Deposits	$	779,234	$	781,844	$	—	$	682,263	$	99,581
Short-term FHLB advances		15,251		15,251		14,000		—		1,251
Long-term FHLB advances		39,623		41,699		—		23,076		18,623

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			Fair Value Measurements at December 31, 2011
(dollars in thousands)	Carrying Amount		Total		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	31,273	$	31,273	$	31,273	$	—	$	—
Interest-bearing deposits in banks		5,583		5,583		5,583		—		—
Investment securities available for sale		155,260		155,260		—		155,260		—
Investment securities held to maturity		3,462		3,575		—		3,575		—
Mortgage loans held for sale		1,673		1,673		—		—		1,673
Loans, net		661,267		686,538		—		—		686,538
Cash surrender value of BOLI		16,771		16,771		16,771		—		—
FDIC loss sharing receivable		24,222		24,222		—		—		24,222
Financial Liabilities
Deposits	$	730,734	$	732,266	$	—	$	603,232	$	129,034
Short-term FHLB advances		52,634		52,634		37,500		—		15,134
Long-term FHLB advances		40,989		42,465		—		23,476		18,989

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The purpose of this discussion and analysis is to focus on significant changes in the financial condition of Home Bancorp, Inc. and its subsidiary, Home Bank, from December 31, 2011 to June 30, 2012 and on its results of operations for the three and six months ended June 30, 2012 and June 30, 2011. This discussion and analysis is intended to highlight and supplement information presented elsewhere in this quarterly report on Form 10-Q, particularly the financial statements and related notes appearing in Item 1.

Forward-Looking Statements

To the extent that statements in this Form 10-Q relate to future plans, objectives, financial results or performance of the Company or Bank, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management’s current information, estimates and assumptions and the current economic environment, are generally identified by the use of words such as “plan”, “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions, or by future or conditional terms such as “will”, “would”, “should”, “could”, “may”, “likely”, “probably”, or “possibly”. The Company’s or the Bank’s actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the risk factors described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities Exchange Commission (“SEC”) for the year ended December 31, 2011. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

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EXECUTIVE OVERVIEW

During the second quarter of 2012, the Company earned $1.8 million, an increase of $485,000, or 38.3%, compared to the second quarter of 2011. Diluted earnings per share for the second quarter of 2012 were $0.24, an increase of $0.07, or 41.2%, compared to the second quarter of 2011. During the six months ended June 30, 2012, the Company earned $3.8 million, an increase $1.8 million, or 84.9%, compared to the six months ended June 30, 2011. Diluted earnings per share for the six months ended June 30, 2012 were $0.53, an increase of $0.25, or 89.3%, compared to the six months ended June 30, 2011.

Key components of the Company’s performance during the three and six months ended June 30, 2012 are summarized below.

• Assets totaled $988.5 million as of June 30, 2012, up $24.7 million, or 2.6%, from December 31, 2011.

• Net loans as of June 30, 2012 were $674.5 million, an increase of $13.2 million, or 2.0%, from December 31, 2011. The increase in loans was primarily driven by commercial real estate loans, which increased $41.4 million. This increase was partially offset by decreases in construction and land (down $13.0 million), one- to four-family first mortgage (down $9.6 million), commercial and industrial (down $5.0 million) and home equity (down $2.1 million) loans. As of June 30, 2012, Covered Loans totaled $46.8 million, a decrease of $14.2 million, or 23.3%, from December 31, 2011.

• Core deposits (i.e., checking, savings, and money market accounts) grew for the twelfth consecutive quarter, increasing $57.1 million, or 12.8%, from December 31, 2011. Core deposits totaled $503.1 million as of June 30, 2012. Total customer deposits as of June 30, 2012 were $779.2 million, an increase of $48.5 million, or 6.6%, from December 31, 2011.

• Interest income increased $3.1 million, or 38.3%, in the second quarter of 2012 compared to the second quarter of 2011. For the six months ended June 30, 2012, interest income increased $6.2 million, or 38.2%, compared to the six months ended June 30, 2011. The increases were driven by the GSFC acquisition and organic loan growth, which were partially offset by lower yields on average interest-earning assets.

• Interest expense increased $112,000, or 9.8%, for the second quarter of 2012 compared to the second quarter of 2011. For the six months ended June 30, 2012, interest expense increased $147,000, or 6.1%, compared to the six months ended June 30, 2011. The increases were primarily the result of higher average balances of interest-bearing liabilities due to the GSFC acquisition, which were partially offset by reduced market rates and changes in the composition of interest-bearing liabilities.

• The provision for loan losses totaled $1.2 million for the second quarter of 2012, an increase of $896,000, or 338.4%, compared to the second quarter of 2011. For the six months ended June 30, 2012, the provision for loan losses totaled $1.9 million, an increase of $1.5 million, or 410.2%, compared to the six months ended June 30, 2011. The elevated levels of provision resulted primarily from a $1.4 million partial charge-off on a $5.4 million commercial real estate loan which was deemed impaired at June 30, 2012 and was placed on nonaccrual during the first quarter of 2012. As of June 30, 2012, the Company’s ratio of allowance for loan losses to total loans was 0.78%, compared to 0.77% at December 31, 2011. Excluding acquired loans, the ratio of the allowance for loan losses to total loans was 1.05% at June 30, 2012, compared to 1.14% at December 31, 2011. Net charge-offs for the first six months of 2012 and 2011 were $1.7 million and $230,000, respectively. The increase in net charge-off for 2012 resulted primarily from the partial charge-offs on the commercial real estate loan mentioned above.

• Noninterest income for the second quarter of 2012 decreased $202,000, or 9.6%, compared to the second quarter of 2011. The decrease resulted primarily from a litigation settlement of $525,000 received in the second quarter of 2011. Excluding the litigation settlement and securities gains, noninterest income increased 17% compared to the same quarter last year due primarily to higher gains on the sale of mortgage loans. For the six months ended June 30, 2012, noninterest income increased $276,000, or 8.3%, compared to the six months ended June 30, 2011. The increase resulted primarily from higher gains on the sale of mortgage loans, securities and increased service fees and charges and bank card fees resulting from the acquisition of GSFC and organic customer growth.

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• Noninterest expense for the second quarter of 2012 increased $1.2 million, or 18.1%, compared to the second quarter of 2011. For the six months ended June 30, 2012, noninterest expense increased $2.3 million, or 17.3%, compared to the six months ended June 30, 2011. The increase in noninterest expense was primarily due to higher compensation and benefits, occupancy and data processing and communication expenses primarily reflecting our increase in offices and employees as a result of the GSFC acquisition. Additionally, expenses related to foreclosed assets increased primarily due to resolution costs related to nonperforming assets (“NPAs”) acquired from GSFC.

FINANCIAL CONDITION

Loans, Asset Quality and Allowance for Loan Losses

Loans – Loans, net, totaled $679.8 million as of June 30, 2012, an increase of $13.4 million, or 2.0%, from December 31, 2011. The increase in loans was primarily driven by commercial real estate loans, which increased $41.4 million. This increase was partially offset by decreases in construction and land (down $13.0 million), one- to four-family first mortgage (down $9.6 million), commercial and industrial (down $5.0 million) and home equity (down $2.1 million) loans. Covered Loans totaled $46.8 million as of June 30, 2012, a decrease of $14.2 million, or 23.3%, compared to December 31, 2011. The decrease in the Covered Loan portfolio was primarily the result of principal repayments and foreclosures.

The following table summarizes the composition of the Company’s loan portfolio as of the dates indicated.

	June 30,		December 31,		Increase/(Decrease)
(dollars in thousands)	2012		2011		Amount			Percent
Real estate loans:
One- to four-family first mortgage	$	173,227	$	182,817	$	(9,590	)		(5.2	)%
Home equity loans and lines		41,535		43,665		(2,130	)		(4.9	)
Commercial real estate		268,445		226,999		41,446			18.3
Construction and land		66,042		78,993		(12,951	)		(16.4	)
Multi-family residential		20,141		20,125		16			0.1
Total real estate loans		569,390		552,599		16,791			3.0
Other loans:
Commercial and industrial		77,951		82,981		(5,030	)		(6.1	)
Consumer		32,431		30,791		1,640			5.3
Total other loans		110,382		113,772		(3,390	)		(3.0	)
Total loans	$	679,772	$	666,371	$	13,401			2.0	%

Asset Quality – One of management’s key objectives has been, and continues to be, maintaining a high level of asset quality. In addition to maintaining credit standards for new loan originations, we proactively monitor loans and collection and workout processes of delinquent or problem loans. When a borrower fails to make a scheduled payment, we attempt to cure the deficiency by making personal contact with the borrower. Initial contacts are generally made within 10 days after the date the payment is due. In most cases, deficiencies are promptly resolved. If the delinquency continues, late charges are assessed and additional efforts are made to collect the deficiency. All loans which are designated as “special mention,” classified or which are delinquent 90 days or more are reported to the Board of Directors of the Bank monthly. For loans where the collection of principal or interest payments is doubtful, the accrual of interest income ceases. It is our policy, with certain limited exceptions, to discontinue accruing interest and reverse any interest accrued on any loan which is 90 days or more past due. On occasion, this action may be taken earlier if the financial condition of the borrower raises significant concern with regard to his/her ability to service the debt in accordance with the terms of the loan agreement. Interest income is not accrued on these loans until the borrower’s financial condition and payment record demonstrate an ability to service the debt.

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Repossessed assets which are acquired as a result of foreclosure are classified as repossessed assets until sold. Third party property valuations are obtained at the time the asset is repossessed and periodically until the property is liquidated. Repossessed assets are recorded at the lesser of the balance of the loan or fair value less estimated selling costs, at the date acquired or upon receiving new property valuations. Costs associated with acquiring and improving a foreclosed property are usually capitalized to the extent that the carrying value does not exceed fair value less estimated selling costs. Holding costs are charged to expense. Gains and losses on the sale of repossessed assets are charged to operations, as incurred.

An impaired loan generally is one for which it is probable, based on current information, that the lender will not collect all the amounts due under the contractual terms of the loan. Large groups of smaller balance, homogeneous loans are collectively evaluated for impairment. Loans collectively evaluated for impairment include smaller balance commercial loans, residential real estate loans and consumer loans. These loans are evaluated as a group because they have similar characteristics and performance experience. Larger (i.e., loans with balances of $100,000 or greater) commercial real estate, multi-family residential, construction and land loans and commercial and industrial loans are individually evaluated for impairment. Third party property valuations are obtained at the time of origination for real estate secured loans. When a determination is made that a loan has deteriorated to the point of becoming a problem loan, updated valuations may be ordered to help determine if there is impairment, which may lead to a recommendation for partial charge off or appropriate allowance allocation. Property valuations are ordered through, and are reviewed by, an appraisal officer. The Company typically orders an “as is” valuation for collateral property if the loan is in a criticized loan classification. The Board of Directors is provided with monthly reports on impaired loans. As of June 30, 2012 and December 31, 2011, loans individually evaluated for impairment, excluding Covered Loans, amounted to $17.2 million and $11.8 million, respectively. The impaired loans include loans acquired from GSFC, which totaled $5.6 million and $5.4 million at June 30, 2012 and December 31, 2011, respectively. As of June 30, 2012 and December 31, 2011, substandard loans, excluding Covered Loans, amounted to $24.5 million and $15.0 million, respectively. The increase in substandard loans for 2012 includes a $5.4 million commercial real estate loan which was placed on nonaccrual status during the first quarter and $5.3 million relating to the former GSFC portfolio. The amount of the allowance for loan losses allocated to impaired or substandard loans, excluding Covered Loans, totaled $270,000 and $478,000 as of June 30, 2012 and December 31, 2011, respectively. There were no assets classified as doubtful or loss as of June 30, 2012 and December 31, 2011.

Federal regulations and our policies require that we utilize an internal asset classification system as a means of reporting problem and potential problem assets. We have incorporated an internal asset classification system, substantially consistent with Federal banking regulations, as a part of our credit monitoring system. Federal banking regulations set forth a classification scheme for problem and potential problem assets as “substandard,” “doubtful” or “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions and values, “highly questionable and improbable.” Assets classified as “loss” are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted.

A savings institution’s determination as to the classification of its assets and the amount of its valuation allowances is subject to review by Federal bank regulators which can order the establishment of additional general or specific loss allowances. The Federal banking agencies have adopted an interagency policy statement on the allowance for loan and lease losses. The policy statement provides guidance for financial institutions on both the responsibilities of management for the assessment and establishment of allowances and guidance for banking agency examiners to use in determining the adequacy of general valuation guidelines. Generally, the policy statement recommends that institutions have effective systems and controls to identify, monitor and address asset quality problems; that management analyze all significant factors that affect the collectability of the portfolio in a reasonable manner; and that management establish acceptable allowance evaluation processes that meet the objectives set forth in the policy statement. Our management believes that, based on information

24

currently available, our allowance for loan losses is maintained at a level which covers all known and inherent losses that are both probable and reasonably estimable as of each reporting date. However, actual losses are dependent upon future events and, as such, further additions to the level of allowance for loan losses may become necessary.

Nonperforming assets defined as nonaccrual loans, accruing loans past due 90 days or more and foreclosed assets, excluding Covered Assets, amounted to $17.5 million, or 1.86% of total assets, as of June 30, 2012, compared to $13.9 million, or 1.6% of total assets, as of December 31, 2011. The increase in NPAs relates primarily to a $5.4 million commercial real estate loan mentioned previously. Total nonperforming assets, including Covered Assets, amounted to $30.3 million, or 3.06% of total assets as of June 30, 2012, compared to $30.4 million, or 3.16% of total assets as of December 31, 2011.

Real estate, or other collateral, which is acquired as a result of foreclosure is classified as a foreclosed asset until sold. Foreclosed assets are recorded at the lesser of the balance of the loan or fair value less estimated selling costs, at the date acquired or upon receiving new property valuations. Holding costs are charged to expense. Gains and losses on the sale of real estate owned are charged to operations, as incurred.

The following table sets forth the composition of the Company’s nonperforming assets and troubled debt restructurings as of the dates indicated.

(dollars in thousands)	June 30,  2012(1)			December 31,  2011(2)
Nonaccrual loans:
Real estate loans:
One- to four-family first mortgage	$	6,816		$	8,526
Home equity loans and lines		616			857
Commercial real estate		10,242			6,570
Construction and land		4,250			2,624
Multi-family residential		1,383			1,321
Other loans:
Commercial and industrial		1,984			1,382
Consumer		136			187
Total nonaccrual loans		25,427			21,467
Accruing loans 90 days or more past due		—			—
Total nonperforming loans		25,427			21,467
Foreclosed assets		4,867			8,964
Total nonperforming assets		30,294			30,431
Performing troubled debt restructurings		851			598
Total nonperforming assets and troubled debt restructurings	$	31,145		$	31,029
Nonperforming loans to total loans		3.74	%		3.22	%
Nonperforming loans to total assets		2.57	%		2.23	%
Nonperforming assets to total assets		3.06	%		3.16	%

⁽¹⁾  Includes $12.8 million in Covered Assets acquired from Statewide and $10.3 million of assets acquired from GSFC. Excluding acquired loans and assets, ratios for nonperforming loans to total loans, nonperforming loans to total assets and nonperforming assets to total assets were 1.42%, 0.88% and 0.90%, respectively, at June 30, 2012.

²⁾  Includes $16.6 million in Covered Assets acquired from Statewide and $9.9 million of assets acquired from GSFC. Excluding acquired loans and assets, ratios for nonperforming loans to total loans, nonperforming loans to total assets and nonperforming assets to total assets were 0.85%, 0.51% and 0.54%, respectively, at December 31, 2011.

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Net loan charge-offs for the second quarter of 2012 were $1.7 million compared to $227,000 for the second quarter of 2011. Net loan charge-offs for the six months ended June 30, 2012 were $1.7 million compared to $230,000 for the six months ended June 30, 2011. The increase in net charge-offs for the second quarter of 2012 resulted primarily from a $1.4 million partial charge-off on a $5.4 million commercial real estate loan.

Allowance for Loan Losses – The allowance for loan losses is established through provisions for loan losses. The Company maintains the allowance at a level believed, to the best of management’s knowledge, to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate at each reporting date. Management reviews the allowance for loan losses at least quarterly in order to identify those inherent losses and to assess the overall collection probability for the loan portfolio. The evaluation process includes, among other things, an analysis of delinquency trends, nonperforming loan trends, the level of charge-offs and recoveries, prior loss experience, total loans outstanding, the volume of loan originations, the type, size and geographic concentration of loans, the value of collateral securing loans, the borrower’s ability to repay and repayment performance, the number of loans requiring heightened management oversight, economic conditions and industry experience. Based on this evaluation, management assigns risk rankings to segments of the loan portfolio. Such risk ratings are periodically reviewed by management and revised as deemed appropriate. These efforts are supplemented by reviews and validations performed by independent loan reviewers. The results of the reviews are reported to the Audit Committee of the Board of Directors. The establishment of the allowance for loan losses is significantly affected by management judgment. There is a likelihood that different amounts would be reported under different conditions or assumptions. Federal regulatory agencies, as an integral part of their examination process, periodically review our allowance for loan losses. Such agencies may require management to make additional provisions for estimated loan losses based upon judgments different from those of management.

With respect to acquired loans, the Company follows the reserve standard set forth in ASC 310, Receivables. At acquisition, the Company reviews each loan to determine whether there is evidence of deterioration in credit quality since origination and if it is probable that the Company will be unable to collect all amounts due according to the loan’s contractual terms. The Company considers expected prepayments and estimates the amount and timing of undiscounted expected principal, interest and other cash flows for each loan pool meeting the criteria above, and determines the excess of the loan pool’s scheduled contractual principal and interest payments in excess of cash flows expected at acquisition as an amount that should not be accreted (nonaccretable difference). The remaining amount, representing the excess of the pool’s cash flows expected to be collected over the fair value, is accreted into interest income over the remaining life of the pool (accretable yield). The Company records a discount on these loans at acquisition to record them at their estimated fair values. As a result, acquired loans subject to ASC 310 are excluded from the calculation of the allowance for loan losses as of the acquisition date.

Acquired loans were recorded as of their acquisition date fair value, which was based on expected cash flows and included an estimation of expected future loan losses. Under current accounting principles, if the Company determines that losses arose after the acquisition date, the additional losses will be reflected as a provision for loan losses. As of June 30, 2012, $50,000 of our allowance for loan losses was allocated to acquired loans.

We will continue to monitor and modify our allowance for loan losses as conditions warrant. No assurance can be given that our level of allowance for loan losses will cover all of the inherent losses on our loans or that future adjustments to the allowance for loan losses will not be necessary if economic and other conditions differ substantially from the conditions used by management to determine the current level of the allowance for loan losses.

The following table presents the activity in the allowance for loan losses during the first six months of 2012.

(dollars in thousands)	Amount
Balance, December 31, 2011	$	5,104
Provision charged to operations		1,872
Loans charged off		(1,684	)
Recoveries on charged off loans		22
Balance, June 30, 2012	$	5,314

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At June 30, 2012, the Company’s ratio of allowance for loan losses to total loans was 0.78%, compared to 0.77% and 0.90% at December 31, 2011 and June 30, 2011, respectively. The decrease in the ratio of the allowance for loan losses to total loans as of June 30, 2012 compared to June 30, 2011 relates to the accounting for acquired loans. Under accounting principles generally accepted in the United States, an acquirer may not carry over the acquiree’s allowance for loan losses. Instead, the acquirer must fair value the cash flows expected to be derived from the acquired loan portfolio. Management has included its credit loss expectations in the acquired loan portfolios’ cash flow assumptions used to derive the portfolios’ fair value. Hence, management believes that expected credit losses in the acquired loan portfolios were appropriately addressed in the fair value adjustments recorded on the acquired loan portfolios. Ongoing evaluations of the acquired loan portfolios may result in additional provisions for acquired loans. Excluding acquired loans, the ratio of allowance for loan losses to total loans was 1.05% at June 30, 2012, compared to 1.14% and 1.06% at December 31, 2011 and June 30, 2011, respectively.

Investment Securities

The Company’s investment securities portfolio totaled $155.1 million as of June 30, 2012, a decrease of $3.6 million, or 2.3%, from December 31, 2011. As of June 30, 2012, the Company had a net unrealized gain on its available for sale investment securities portfolio of $4.1 million, compared to $2.6 million as of December 31, 2011. At June 30, 2012, the investment securities portfolio had a modified duration of 3.6 years.

During the second quarter of 2012, the Company sold securities with an aggregate book value of $11.2 million and realized a gain of $59,000 on the transactions. The securities were sold due to their low book yields and prepayment risk.

The following table summarizes activity in the Company’s investment securities portfolio during the first six months of 2012.

(dollars in thousands)	Available for Sale			Held to Maturity
Balance, December 31, 2011	$	155,260		$	3,462
Purchases		26,579			—
Sales		(12,438	)		—
Principal payments and calls		(18,596	)		(1,039	)
Accretion of discounts and amortization of premiums, net		392			—
Increase in market value		1,521			—
Balance, June 30, 2012	$	152,718		$	2,423

The Company holds no Federal National Mortgage Association (“Fannie Mae”) or Federal Home Loan Mortgage Corporation (“Freddie Mac”) preferred stock, equity securities, corporate bonds, trust preferred securities, hedge fund investments, or collateralized debt obligations.

Funding Sources

Deposits – Deposits totaled $779.2 million as of June 30, 2012, an increase of $48.5 million, or 6.6%, compared to December 31, 2011. The Company experienced its twelfth consecutive quarter of core deposit (i.e., checking, savings, and money market accounts) growth during the second quarter of 2012. Core deposits totaled $503.1 million as of June 30, 2012, an increase of $57.1 million, or 12.8 %, compared to December 31, 2011.

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The following table sets forth the composition of the Company’s deposits at the dates indicated.