Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1503

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1503
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	%

			9.18
			%

			8.84
			%

			9.37
			%

			Asset Quality Ratios:

			Nonperforming loans as a percent of

			net loans (7)

			0.69
			%

			0.28
			%

			0.27
			%

			0.28
			%

			0.29
			%

			Nonperforming assets as a

			percent of total assets (8)

			0.37
			%

			0.15
			%

			0.13
			%

			0.12
			%

			0.14
			%

			Allowance for credit losses as a percent

			of gross loans receivable

			1.45
			%

			1.29
			%

			1.20
			%

			1.25
			%

			1.31
			%

			(1)

			Net income attributable to First Capital, Inc. divided by average assets.

			(2)

			Net income attributable to First Capital, Inc. divided by average equity.

			(3)

			Common stock dividends declared per share divided by net income per share.

			(4)

			Difference between weighted average yield on interest-earning assets and weighted average cost of interest-bearing liabilities. Tax exempt income is reported on a tax equivalent basis using a federal marginal rate of 21%.

			(5)

			Net interest income as a percentage of average interest-earning assets.

			(6)

			Effective March 31, 2020, the Bank opted in to the Community Bank Leverage Ratio (CBLR) framework. As such, the other regulatory ratios are no longer provided.

			(7)

			Nonperforming loans consist of loans accounted for on a nonaccrual basis and accruing loans 90 days or more past due.

			(8)

			Nonperforming assets consist of nonperforming loans and real estate acquired in settlement of loans.

45

Results of Operations for the Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

Net Income.  Net income attributable to the Company was $11.9 million ($3.57 per share diluted; weighted average