Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1456

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1456
---
			$
			482

			$
			2,921

			$
			130,680

			$
			133,601

			Home Equity and Second Mortgage

			396

			70

			-

			466

			62,835

			63,301

			Multifamily Residential

			-

			-

			-

			-

			39,946

			39,946

			1-4 Family Residential Construction

			-

			-

			-

			-

			15,667

			15,667

			Other Construction, Development and Land

			162

			-

			54

			216

			76,453

			76,669

			Commercial Real Estate

			834

			-

			-

			834

			167,811

			168,645

			Commercial Business

			-

			-

			-

			-

			68,212

			68,212

			Consumer and Other

			302

			51

			-

			353

			56,020

			56,373

			Total

			$
			3,798

			$
			456

			$
			536

			$
			4,790

			$
			617,624

			$
			622,414

F-31

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(4 - continued)

Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, a term extension, an other-than-insignificant payment delay or an interest rate reduction.  When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL on loans.  In some cases, the Company may provide multiple types of concessions on one loan.  Typically, one type of concession, such as a term extension, is granted initially.  If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted.

During the year ended December 31, 2024, the Company modified Commercial Business loans with an amortized cost basis of $2.0 million, or approximately 3% of the amortized cost of all Commercial Business loans, for which the borrowers were experiencing