Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1039

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1039
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Total net change in

			income on interest-

			earning assets

			4,017

			2,581

			104

			6,702

			9,796

			2,107

			(2,198
			)

			9,705

			Interest-bearing liabilities:

			Interest-bearing deposits

			4,568

			270

			148

			4,986

			6,734

			(17
			)

			(70
			)

			6,647

			Borrowed funds

			(54
			)

			787

			(55
			)

			678

			-

			-

			776

			776

			Total net change in

			expense on interest-

			bearing liabilities

			4,514

			1,057

			93

			5,664

			6,734

			(17
			)

			706

			7,423

			Net change in net interest

			income (tax equivalent basis)

			$
			(497
			)
			 
			$
			1,524

			$
			11

			$
			1,038

			$
			3,062

			$
			2,124

			$
			(2,904
			)
			 
			$
			2,282

50

Comparison of Financial Condition at December 31, 2024 and 2023

Total assets increased from $1.16 billion at December 31, 2023 to $1.19 billion at December 31, 2024 primarily due to increases in total cash and cash equivalents and net loans receivable partially offset by a decrease in securities available for sale. 

Net loans receivable (excluding loans held for sale) increased $16.8 million from $614.4 million at December 31, 2023 to $631.2 million at December 31, 2024.  Increases in commercial real estate, 1-4 family residential mortgage, and home equity and second mortgage loans of $16.1 million, $5.5 million, and $4.5 million were partially offset by decreases in commercial business loans and multifamily residential loans of $5