Home Bancorp, Inc.

Welcome to the HomeBank Corp. Incorporated 3rd Quarter 2023 Earnings Call. Our host for today's call is David Kirkley. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. I would now like to turn the call over to your host. Mr. Kirkley, you may begin.

Thank you, Ross. Good morning and welcome to HomeBank's 3rd Quarter 2023 Earnings Call. Our earnings release and investor presentation are available on our website. I'd ask that everyone please refer to the disclaimer regarding forward-looking statements in the investor presentation and our SEC filings. Now I'll hand it over to John to make a few comments about the quarter. John?

Thanks, David. Good morning, and thank you for joining HomeBank Corp's earnings call today. We appreciate your interest in HomeBank Corp as we discuss our results and describe our approach to creating long-term shareholder value. HomeBank has delivered exceptional results during this cycle of rapidly increasing interest rates. The third quarter was no exception, as we reported above average profitability, loan and deposit growth, and strong credit quality. It's really a testament to the strength of our relationships, many of which we've built over the decades, that we were able to grow deposits in the third quarter without having to rely on wholesale funding. Like everyone, We're still seeing increases in the cost of our deposits, but most of that has been due to the remixing of our customers' deposit balances and not because we were forced to add brokerage fees. To put numbers behind this, deposits grew by about 46 million, or 7% annualized, in the third quarter, with most of that coming from existing customers moving funds into our CD offerings. The movement into CDs and out of savings, checking, and demand deposits brought the NIM down to 3.75 from second quarter numbers of 3.94. Assets grew 28 million or about 3.4% annualized with loans growing 58 million or 9.3% annualized. Most of that growth was in construction and development, C&I, and residential mortgage. Securities continued to decline and cash flows were utilized to fund loan growth. The duration of the securities portfolio is 4.5 years and is expected to generate about $50 million in principal payments over the next 15 months. With that, I'll turn it back over to David, our Chief Financial Officer.