Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1687

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1687
---

			63,084

			-

			-

			63,084

			Municipal obligations

			-

			147,465

			-

			147,465

			Total securities available for sale

			$
			63,084

			$
			374,187

			$
			-

			$
			437,271

			Equity securities

			$
			1,260

			$
			-

			$
			-

			1,260

			Assets Measured on a Nonrecurring Basis

			Collateral dependent loans:

			1-4 Family Residential Mortgage

			$
			-

			$
			-

			$
			27

			$
			27

			1-4 Family Residential Construction

			-

			-

			27

			27

			Total collateral dependent loans

			$
			-

			$
			-

			$
			54

			$
			54

F-52

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(19 - continued)

Securities Available for Sale and Equity Securities.  Securities classified as available for sale and equity securities are reported at fair value on a recurring basis.  These securities are classified as Level 1 of the valuation hierarchy where quoted market prices from reputable third-party brokers are available in an active market.  If quoted market prices are not available, the Company obtains fair value measurements from an independent pricing service.  These securities are reported using Level 2 inputs and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors.  For securities where quoted market prices, market prices of similar securities or prices from an independent third party pricing service are not available, fair values are calculated using discounted cash flows or other market indicators and are classified within Level 3 of the fair value hierarchy.  Changes in fair value of securities available for sale are recorded in other comprehensive income, net of income tax effect.  Changes in fair value of equity securities are recorded in noninterest income on the consolidated statements of income.

Collateral Dependent Loans.  Collateral dependent loans are reviewed