Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 44

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 44
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31, 2025 and December 31, 2024 was $380,000 and is reflected in other liabilities on the consolidated balance sheets.  The Company expects to fulfill the commitment as capital calls are made through 2026.  The investment is accounted for as an equity security without a readily determinable fair value, and has been recorded at cost, less any impairment, and adjustments resulting from observable price changes.  There were no impairments or adjustments on equity securities without readily determinable fair values during the three months ended March 31, 2025 or 2024.

			4.

			Loans and Allowance for Credit Losses

Loans at March 31, 2025 and December 31, 2024 consisted of the following:

			March 31,

			December 31,

			(In thousands)

			2025

			2024

			1-4 Family Residential Mortgage

			$
			140,853

			$
			138,936

			Home Equity and Second Mortgage

			67,074

			66,549

			Multifamily Residential

			45,891

			36,822

			1-4 Family Residential Construction

			17,573

			15,245

			Other Construction, Development and Land

			70,168

			75,840

			Commercial Real Estate

			189,309

			184,851

			Commercial Business

			63,343

			62,727

			Consumer and Other

			57,148

			58,406

			Principal loan balance

			651,359

			639,376

			Deferred loan origination fees and costs, net

			1,117

			1,104

			Allowance for credit losses

			(9,535
			)

			(9,281
			)

			Loans, net

			$
			642,941

			$
			631,199

The Allowance for Credit Losses (“ACL”) on loans is measured on a collective (pooled) basis when similar risk characteristics exist.  The Company’s pools/segments are largely determined based on loan types as defined by Call Report instructions. The Company has identified and utilizes the following portfolio segments:

1–4 Family Residential Mortgage – 1–4