Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 588

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 588
---
			Current period gross write-offs

			$
			16

			$
			245

			$
			111

			$
			51

			$
			24

			$
			87

			$
			147

			$
			681

F-37

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(4 - continued)

Allowance for Loan Losses

Prior to the adoption of ASC 326 on January 1, 2023, the Company calculated the allowance for loan losses using the incurred loss methodology. The following tables are disclosures related to the allowance for loan losses in prior periods.

An analysis of the allowance for loan losses for the year ended December 31, 2022 is as follows:

			Home Equity

			Residential

			Commercial

			Commercial

			and Second

			Other

			Real Estate

			Land

			Construction

			Real Estate

			Business

			Mortgage

			Consumer

			Total

			(In thousands)

			Allowance for Loan Losses:

			Beginning balance

			$
			1,174

			$
			234

			$
			403

			$
			1,884

			$
			873

			$
			527

			$
			988

			$
			6,083

			Provisions

			247

			31

			123

			147

			173

			1

			228

			950

			Charge-offs

			(48
			)

			-

			-

			-

			(9
			)

			-

			(448
			)

			(505
			)

			Recoveries

			10

			-

			-

			-

			9

			2

			223

			244

			Ending balance

			$
			1,383

			$
			265

			$
			526

			$
			2,031

			$
			1,046

			$
			530

			$
			991

			$
			6,772

F-38

FIRST CAPITAL