Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 17

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 17
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			%

			Commercial Real Estate

			2,459

			28.91
			%

			2,119

			27.16
			%

			1-4 Family Residential Construction

			184

			2.38
			%

			208

			2.52
			%

			Other Construction, Development and Land

			588

			11.86
			%

			804

			12.35
			%

			Home Equity and Second Mortgage

			478

			10.41
			%

			406

			9.99
			%

			Commercial Business

			2,424

			9.81
			%

			1,431

			10.98
			%

			Consumer and Other

			1,011

			9.13
			%

			1,215

			9.07
			%

			Total allowance for credit losses

			$
			9,281

			100.00
			%
			 
			$
			8,005

			100.00
			%

Investment Activities

As an Indiana chartered commercial bank, the Bank has the authority to invest in various types of liquid assets, including United States Treasury obligations, securities of various federal agencies and of state and municipal governments, deposits at the applicable FHLB, certificates of deposit of federally insured institutions, certain bankers’ acceptances and federal funds.  Subject to various restrictions, the Bank may also invest a portion of its assets in commercial paper, corporate debt securities and mutual funds, the assets of which conform to the investments that federally chartered savings institutions are otherwise authorized to make directly.  The Bank is also required to maintain minimum levels of liquid assets that vary from time to time.  The Bank may decide to increase its liquidity above the required levels depending upon the availability of funds and comparative yields on investments in relation to return on loans.

The Bank is required under federal regulations to maintain a minimum amount of liquid assets and is also permitted to make certain other securities investments.  The balance of the Bank’s investments in short-term securities in excess of regulatory requirements reflects management’s response to the significantly increasing percentage of deposits with short maturities.  Management intends to hold securities with short maturities in the Bank’s investment portfolio in order to enable the Bank