Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 70

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 70
---

			21,549

			367,694

			-

			Securities held to maturity

			7,000

			4,591

			-

			4,591

			-

			Loans held for sale

			472

			477

			-

			477

			-

			Loans, net

			631,199

			628,057

			-

			-

			628,057

			FHLB and other restricted stock

			1,836

			N/A

			N/A

			N/A

			N/A

			Accrued interest receivable

			4,575

			4,575

			-

			4,575

			-

			Equity securities (included in other assets)

			886

			886

			886

			-

			-

			Financial liabilities:

			Deposits

			1,066,439

			1,065,687

			866,559

			-

			199,128

			Accrued interest payable

			1,922

			1,922

			-

			1,922

			-

-37-

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(11 – continued)

The methods and assumptions used to estimate fair value are described as follows:

Carrying amount is the estimated fair value for cash and cash equivalents, accrued interest receivable and payable, demand deposits and other transactions accounts. The fair value of securities and interest-bearing time deposits in other financial institutions is based on quoted market prices (where available) or values obtained from an independent pricing service. The fair value of loans, excluding loans held for sale, fixed-maturity certificates of deposit and borrowed funds is based on discounted cash flows using current market rates applied to the estimated life and credit risk of the instrument. The fair value of loans held for sale is based on specific prices of underlying contracts for sales to investors. It is not practicable to determine the fair value of FHLB and other restricted stock due to restrictions placed on its transferability. The methods utilized to measure the fair value of financial instruments at March 31, 2025 and December 31, 2024 represent an approximation of exit price, but an actual exit price may differ.

			12