Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 987

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 987
---
$
			197,993

			$
			205,535

			NOW accounts

			377,137

			391,232

			Savings accounts

			222,635

			237,542

			Money market accounts

			68,794

			65,315

			Time deposits

			199,880

			125,587

			Total deposits

			$
			1,066,439

			$
			1,025,211

The aggregate amount of time deposit accounts with balances that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 was approximately $42.8 million and $32.4 million at December 31, 2024 and 2023, respectively. 

At December 31, 2024, scheduled maturities of time deposits were as follows:

			Year ending December 31:

			(In thousands)

			2025

			$
			188,235

			2026

			7,775

			2027

			1,971

			2028

			996

			2029

			903

			Total

			$
			199,880

The Bank held deposits of approximately $10.7 million and $10.1 million for related parties at December 31, 2024 and 2023, respectively. 

F-41

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

			(9)

			LINES OF CREDIT

The Bank has an unsecured federal funds purchased line of credit through Independent Correspondent Bankers’ Bank (formerly The Bankers’ Bank of Kentucky) with a maximum borrowing amount of $5.0 million.  At December 31, 2024 and 2023, the Bank had no outstanding federal funds purchased under the line of credit.

The Bank also has a $2.0 million revolving line of credit with Stock Yards Bank & Trust Company.  At December 31, 2024 and 2023, the Bank had no outstanding borrowings under the line of credit.

On February 28, 2024 the Bank entered into an Overdraft Line of Credit Agreement with the FHLB which established a line of credit not to exceed $10.0 million secured under the blanket collateral agreement.  This agreement