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Acquisition Activity | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Acquisition Activity | 3. Acquisition Activity On August 23, 2017, the Company entered into a definitive agreement to merge with St. Martin Bancshares, Inc. (“St. Martin Bancshares”), the holding company of the 83-year-old St. Martin Bank & Trust Company (“St. Martin Bank”). Under the terms of the agreement, St. Martin Bancshares will be merged with and into the Company (the “Merger”), and St. Martin Bank will be merged with and into Home Bank, N.A.. Upon consummation of the Merger, shareholders of St. Martin Bancshares will receive 9.2839 shares of Home Bancorp common stock for each share of St. Martin Bancshares common stock (the “Stock Consideration”). In addition, immediately prior to the closing of the Merger, St. Martin Bancshares will pay a special cash distribution of $94.00 per share to its shareholders (the “Special Distribution”). The closing price of Home Bancorp’s common stock on October 20, 2017 ($42.00 per share), the Stock Consideration plus the Special Distribution has a combined value of $483.92 per share to holders of St. Martin Bancshares common stock, or $100.4 million in the aggregate. The merger, which is expected to be completed in the fourth quarter of 2017 or first quarter of 2018, remains subject to approval by the shareholders of the Company and St. Martin Bancshares, Inc., and the satisfaction of all other customary conditions. The Company has received all necessary regulatory approvals or non-objections necessary in order to consummate the merger. Upon completion of the merger, the combined company will have total assets of approximately $2.2 billion, $1.7 billion in loans and $1.8 billion in deposits. The Company incurred $247,000 in pre-tax merger-related expenses during the third quarter of 2017.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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