FORM 8-K
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 15, 2000
HOME BANCORP
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(Exact name of registrant as specified in its charter)
Indiana 0-22376 35-1906765
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
132 East Berry Street, P.O. Box 989
Fort Wayne, Indiana 46801-0989
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(Address of principal executive offices) (Zip Code)
(219) 422-3502
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(Registrant's telephone number, including area code)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. Other Events.
Attached Press Release About Home Bancorp Second Quarter Earnings.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HOME BANCORP
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(Registrant)
/s/ Marvin C. Schumm
Date: May 15, 2000 ---------------------
Marvin C. Schumm
President, CEO
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Home Bancorp
132 EAST BERRY STREET P.O. BOX 989 Date May 15, 2000
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FORT WAYNE, INDIANA 46801-0989
PHONE: (219) 422-3502 Contact Marvin C. Schumm
FAX: (219) 426-7027 President and Chief Executive Officer
Home Loan Bank
Home Bancorp Reports Second Quarter Earnings
FORT WAYNE, Indiana, -- May 15, 2000 -- Home Bancorp (Nasdaq: HBFW), the holding
company of Home Loan Bank fsb, reported net income for the second quarter fiscal
year 2000 (FY00) ended Mar-31-00 of $794,000 as compared to $789,000 for the
same period a year ago. The (FY00) three fiscal months ended March 31 indicated
a return on average assets of 0.77% as compared with 0.81% for the second
quarter 1999. The return on average equity for the second quarter was 8.54%
contrasted to 7.86% for the same period 1999.
Assets totaling $403,491,112 as of Mar-31-00 represents a moderate decrease of
2.53% from Sep-30-99 total assets of $413,956,800. The decline in total assets
is primarily due to the Bank's more conservative Certificate of Deposit interest
rate policy. The Bank continues to serve its customers in a highly competitive
market.
The Bank has experienced a reduction of $1,411,000 in total loans during the
second quarter of fiscal 2000 (FY00). The declining volume of the Bank's real
estate mortgage loan activity is reflective of the current economic conditions
prevalent throughout the country. Rising interest rates will continue to have a
detrimental effect on the entire real estate market.
To meet the demand of the more youthful segment of local citizens, the Bank is
aggressively offering 30-year, 95% loan to value mortgages for resale in the
secondary market.
Home Bancorp (Nasdaq)
Quarter March 31: 2000 1999
Net Income.......................... $794,000 $789,000
Share Earnings: Net Income basic.... .42 .39
