Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 19

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 19
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%
			 
			$
			-

			$
			-

			0.00
			%

			0.00
			%

			Due after one year through five years

			-

			-

			0.00
			%

			0.00
			%

			-

			-

			0.00
			%

			0.00
			%

			Due after five years through ten years

			1,324

			2,000

			0.47
			%

			3.25
			%

			1,279

			2,000

			0.42
			%

			3.28
			%

			Due after ten years

			3,267

			5,000

			1.17
			%

			3.92
			%

			3,167

			5,000

			1.05
			%

			3.92
			%

			$
			4,591

			$
			7,000

			1.64
			%

			$
			4,446

			$
			7,000

			1.47
			%

_______________________________________

			(1)

			Yields are calculated on a fully taxable equivalent basis using a marginal federal income tax rate of 21%. Weighted average yields are calculated using average prepayment rates for the most recent three-month period.

			(2)

			Securities held to maturity are carried at amortized cost.

			(3)

			The expected maturities of mortgage-backed securities and CMOs may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty.

ACL on Available for Sale Debt Securities

For available for sale (“AFS”) debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In