Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 16

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 3
Chunk 16
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 of various possible interest rate scenarios on projected net interest income over a one-year horizon. The model assumes a semi-static balance sheet and measures the impact on net interest income relative to a base case scenario of hypothetical changes in interest rates over twelve months and provides no effect given to any steps that management might take to counter the effect of the interest rate movements.  The scenarios include prepayment assumptions, changes in the level of interest rates, the shape of the yield curve, and spreads between market interest rates in order to capture the impact from re-pricing, yield curve, option, and basis risks. 

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PART I – ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES

ABOUT MARKET RISK

FIRST CAPITAL, INC.

Results of the Company’s simulation modeling, which assumes an immediate and sustained parallel shift in market interest rates, project that the Company’s net interest income could change as follows over a one-year horizon, relative to our base case scenario, based on March 31, 2025 and December 31, 2024 financial information:

			At March 31, 2025

			At December 31, 2024

			Immediate Change

			One Year Horizon

			One Year Horizon

			in the Level

			Dollar

			Percent

			Dollar

			Percent

			of Interest Rates

			Change

			Change

			Change

			Change

			(Dollars in thousands)

			300bp

			$
			2,076

			5.38
			%
			 
			$
			1,314

			3.56
			%

			200bp

			1,495

			3.87

			1,154

			3.13

			100bp

			792

			2.05

			656

			1.78

			Static

			-

			-

			-

			-

			(100)bp

			(1,050
			)

			(2.72
			)

			(897
			)

			(2.43
			)

			(200)bp

			(1,931
			)

			(5.00
			)

			(1,681
			)

			(4.55