Lafayette-based Home Bancorp Inc., the parent company of Home Bank, generated $12.4 million of net income during the third quarter, up over $1 million from the $11.3 million in the second quarter.

Per share earnings were at $1.59 per diluted common share, up from the $1.45 in the second quarter, bank officials announced.

Loans totaled $2.7 billion as of Sept. 30, down 2.1% from the second quarter. Total deposits reached $3 billion, up 2.3% from the second quarter.

The average loan yield was 6.53%, up 3 basis points from the second quarter, bank officials reported. Yields were impacted by higher rates on new loans and loans paying off at lower rates, and the bank experienced a slow down in loan production and higher than usual pay-downs resulting in loan reduction in the third quarter.

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