Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1123

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1123
---
 CBLR framework at any time.  As a qualified community bank, the Bank has opted into the CBLR framework as of December 31, 2024 and 2023.

The Bank’s actual capital amounts and ratios are presented in the following table.  No amounts were deducted from capital for interest-rate risk in either year.

			Minimum to be Well

			Capitalized under

			Prompt Corrective

			Actual

			Action Provisions:

			(Dollars in thousands)

			Amount

			Ratio

			Amount

			Ratio

			As of December 31, 2024:

			CBLR

			$
			126,402

			10.57
			%
			 
			$
			107,640

			9.00
			%

			As of December 31, 2023:

			CBLR

			$
			116,765

			9.92
			%
			 
			$
			105,891

			9.00
			%

F-50

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

			(19)

			FAIR VALUE MEASUREMENTS

FASB ASC Topic 820, Fair Value Measurements, provides the framework for measuring fair value.  That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).  The three levels of the fair value hierarchy under FASB ASC Topic 820 are described as follows:

			Level 1:
			
			Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets.  A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available.

			Level 2:

			Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means.

			Level 3:
			
			Inputs to the