Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 216

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 216
---
 2023.

			Segment

			Amortized Cost at

			Amortized Cost at

			Portfolio

			December 31, 2022

			(In thousands)

			December 31, 2022

			Reclassification

			after Reclassification

			Residential

			$
			155,445

			$
			(155,445
			)
			 
			$
			-

			1-4 Family Residential Mortgage

			-

			116,392

			116,392

			Multifamily Residential

			-

			38,962

			38,962

			Home Equity and Second Mortgage

			58,985

			92

			59,077

			Commercial Real Estate

			161,332

			(62
			)

			161,270

			Construction

			42,259

			(42,259
			)

			-

			Land

			21,874

			(21,874
			)

			-

			1-4 Family Residential Construction

			-

			16,575

			16,575

			Other Construction, Development and Land

			-

			47,633

			47,633

			Commercial Business

			60,806

			7,248

			68,054

			Consumer and Other

			64,029

			(7,262
			)

			56,767

			$
			564,730

			$
			-

			$
			564,730

In June 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-03, Fair Value Measurements (Topic 820), Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. It also clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. For public business entities, the ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal