Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1622

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1622
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 of the financial statements included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Monroe Shine & Co., Inc.

We served as the Company’s, or its predecessors’, auditor consecutively from at least 1968 until our dismissal effective March 29, 2024.

New Albany, Indiana

March 29, 2024

F-3

			FIRST CAPITAL, INC. 

			CONSOLIDATED BALANCE SHEETS

			DECEMBER 31, 2024 AND 2023

			(In thousands, except share and per share data)

			2024

			2023

			ASSETS

			Cash and due from banks

			$
			18,418

			$
			20,008

			Interest bearing deposits with banks

			5,479

			3,171

			Federal funds sold

			82,020

			15,491

			Total cash and cash equivalents

			105,917

			38,670

			Interest-bearing time deposits

			2,695

			3,920

			Securities available for sale, at fair value (amortized cost $418,935 and $468,549, respectively)

			389,243

			437,271

			Securities held to maturity, at amortized cost (fair value $4,591 and $4,446, respectively)

			7,000

			7,000

			Loans held for sale

			472

			800

			Loans, net of allowance for credit losses of $9,281 ($8,005 in 2023)

			631,199

			614,409

			Federal Home Loan Bank and other stock, at cost

			1,836

			1,836

			Premises and equipment

			14,179

			14,413

			Accrued interest receivable

			4,575