Company: FCAP
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001104659-25-112606
Chunk: 9

Company: FIRST CAPITAL INC
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 3
Chunk 9
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 interest income relative to a base case scenario of hypothetical changes in interest rates over twelve months and provides no effect given to any steps that management might take to counter the effect of the interest rate movements. The scenarios include prepayment assumptions, changes in the level of interest rates, the shape of the yield curve, and spreads between market interest rates in order to capture the impact from re-pricing, yield curve, option, and basis risks.

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Results of the Company’s simulation modeling, which assumes an immediate and sustained parallel shift in market interest rates, project that the Company’s net interest income could change as follows over a one-year horizon, relative to our base case scenario, based on September 30, 2025 and December 31, 2024 financial information:

​​​​​​​​​​​​​​At September 30, 2025​At December 31, 2024 Immediate Change​One Year Horizon​One Year Horizon in the Level​Dollar​Percent​Dollar​Percent of Interest Rates    Change    Change    Change    Change ​​(Dollars in thousands) 300bp    $ 6,414     14.16%  $ 1,314     3.56%200bp​  4,521  9.98​  1,154  3.13​100bp​  2,362  5.22​  656  1.78​Static​  —  —​  —  —​(100)bp​  (2,410)  (5.32)​  (897)  (2.43)​(200)bp​  (4,817)  (10.63)​  (1,681)  (4.55)​(300)bp​  (6,754)  (14.91)​  (2,490)  (6.74)​

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At September 30, 2025 and December 31, 2024, the Company’s simulated exposure to an increase in interest rates shows that an immediate and sustained increase in rates of 1.00%, 2.00% or 3.00% would increase the Company’s net interest income over a one year horizon compared to a flat interest rate scenario. At September 30, 2025 and December 31, 2024