Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 37

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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 reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income (or loss) by the applicable statutory income tax rate).  In addition, the ASU requires information pertaining to taxes paid (net of refunds received) to be disaggregated for federal, state, and foreign taxes and further disaggregated for specific jurisdictions to the extent the related amounts are equal to or greater than five percent of total income taxes paid (net of refunds received). For public business entities, the ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The adoption of the ASU is not expected to have a material impact on the Company’s financial position or results of operations.

The Company has determined that all other recently issued accounting pronouncements will not have a material impact on the Company’s consolidated financial statements or do not apply to its operations.

-8-

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

			3.
			
			Investment Securities

Investment securities have been classified in the consolidated balance sheets according to management’s intent.  Investment securities at March 31, 2025 and December 31, 2024 are summarized as follows:

			Gross

			Gross

			Amortized

			Unrealized

			Unrealized

			Fair

			(In thousands)

			Cost

			Gains

			Losses

			Value

			March 31, 2025

			Securities available for sale:

			Agency mortgage-backed securities

			$
			78,033

			$
			106

			$
			6,938

			$
			71,201

			Agency CMO

			64,236

			502

			222

			64,516

			Agency notes and bonds

			111,629

			18

			3,632

			108,015

			Treasury notes and bonds

			16,828

			-

			135

			16,693

			Municipal obligations

			146,525

			396

			15,628

			131,293

			Total securities available for sale

			$
			417,251

			$