Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 767

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 767
---
3,341

			Income tax benefit

			194

			164

			249

			Income before equity in undistributed net

			income of subsidiaries

			2,449

			3,136

			3,590

			Equity in undistributed net income of subsidiaries

			9,491

			9,654

			8,312

			Net Income

			$
			11,940

			$
			12,790

			$
			11,902

			Comprehensive Income (Loss)

			$
			12,983

			$
			24,498

			$
			(25,573
			)

F-57

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(25 - continued)

			Statements of Cash Flows

			(In thousands)

			Years Ended December 31,

			2024

			2023

			2022

			Operating Activities:

			Net income

			$
			11,940

			$
			12,790

			$
			11,902

			Adjustments to reconcile net income to cash

			provided by operating activities:

			Equity in undistributed net income of subsidiaries

			(9,491
			)

			(9,654
			)

			(8,312
			)

			Dissolution of Captive

			-

			1,822

			-

			Stock compensation expense

			202

			252

			436

			Unrealized loss on equity securities

			374

			207

			414

			Net change in other assets and liabilities

			(28
			)

			80

			(53
			)

			Net cash provided by operating activities

			2,997

			5,497

			4,387

			Investing Activities:

			Investment in technology fund

			(115
			)

			(250
			)

			(100
			)

			Net cash used in investing activities

			(115
			)

			(250
			)

			(100
			)

			Financing