Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 47

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 47
---
 lawn and farm equipment, well as farm output and loans secured by marketable securities.  The risks associated with these loans are related to local economic conditions including the unemployment level, general economic conditions impacting crop prices, the supply chain and the fair value of the security collateral.

Loans that do not share risk characteristics are evaluated on an individual basis. In addition, loans evaluated individually are not included in the collective evaluation. When management determines that foreclosure is probable or the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date adjusted for selling costs.

-15-

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(4 – continued)

The following table provides the components of the Company’s amortized cost basis in loans at March 31, 2025:

			Other

			1-4 Family 

			Home Equity

			1-4 Family

			Construction,

			Residential

			and Second 

			Multifamily

			Residential

			Development

			Commercial

			Commercial

			Consumer

			Mortgage

			Mortgage

			Residential

			Construction

			and Land

			Real Estate

			Business

			and Other

			Total

			(In thousands)

			Amortized Cost Basis in Loans:

			Principal loan balance

			$
			140,853

			$
			67,074

			$
			45,891

			$
			17,573

			$
			70,168

			$
			189,309

			$
			63,343

			$
			57,148

			$
			651,359

			Net deferred loan origination fees and costs

			89

			1,214

			(17
			)

			-

			(30
			)

			(137
			)

			(2
			)

			-

			1,117

			Amortized cost basis in loans

			$
			140,942

			$
			68,288

			$
			45,874

			$
			17,573

			$