Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 65

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.  The following table presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of March 31, 2025.  The Company had no liabilities measured at fair value as of March 31, 2025.

			Carrying Value

			(In thousands)

			Level 1

			Level 2

			Level 3

			Total

			March 31, 2025

			Assets Measured on a Recurring Basis

			Securities available for sale:

			Agency mortgage-backed securities

			$
			-

			$
			71,201

			$
			-

			$
			71,201

			Agency CMO

			-

			64,516

			-

			64,516

			Agency notes and bonds

			-

			108,015

			-

			108,015

			Treasury notes and bonds

			16,693

			-

			-

			16,693

			Municipal obligations

			-

			131,293

			-

			131,293

			Total securities available for sale

			$
			16,693

			$
			375,025

			$
			-

			$
			391,718

			Equity securities

			$
			905

			$
			-

			$
			-

			905

			Assets Measured on a Nonrecurring Basis

			Collateral dependent loans:

			Commercial Business

			$
			-

			$
			-

			$
			633

			$
			633

			1-4 Family Residential Construction

			-

			-

			36

			36

			Total collateral dependent loans

			$
			-

			$
			-

			$
			669

			$
			669

-34-

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(11 – continued)

The following table presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 202