Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 7

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 7
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secured or secured by assets that depreciate rapidly, such as automobiles.  In the latter case, repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment for the outstanding loan and the remaining deficiency often does not warrant further substantial collection efforts against the borrower.  In addition, consumer loan collections depend on the borrower’s continuing financial stability, and, therefore, are more likely to be adversely affected by job loss, divorce, illness or personal bankruptcy.  Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans.  Such loans may also give rise to claims and defenses by the borrower against the Bank as the holder of the loan, and a borrower may be able to assert claims and defenses that it has against the seller of the underlying collateral.

Loan Maturity and Repricing

The following table sets forth certain information at December 31, 2024 regarding the dollar amount of loans maturing in the Bank’s portfolio based on their contractual terms to maturity, but does not include potential prepayments.  Demand loans, which are loans having neither a stated schedule of repayments nor a stated maturity, and overdrafts are reported as due in one year or less.  Loan balances do not include undisbursed loan proceeds, unearned income and allowance for credit losses (“ACL”) on loans.

			After

			After

			One Year

			5 Years

			Within

			Through

			Through

			After

			One Year

			5 Years

			15 Years

			15 Years

			Total

			(In thousands)

			1-4 Family Residential Mortgage

			$
			3,962

			$
			18,333

			$
			69,550

			$
			47,091

			$
			138,936

			Multifamily Residential

			1,778

			7,936

			27,108

			-

			36,822

			Commercial Real Estate

			7,670

			60,826

			85,785

			30,570

			184,851

			1-4 Family Residential Construction

			14,205

			628

			-

			412

			15,245

			Other Construction, Development and