Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 866

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 866
---
 of period

			0.00
			%

			0.00
			%

			During the period

			5.81
			%

			5.79
			%

			FHLB fixed-rate bullet advances

			Maximum balance at any month end

			$
			13,000

			$
			22,500

			Average balance

			1,221

			4,804

			Period end balance

			-

			-

			Weighted average interest rate (annualized):

			At end of period

			0.00
			%

			0.00
			%

			During the period

			5.68
			%

			5.54
			%

			BTFP borrowings:

			Maximum balance at any month end

			$
			33,625

			$
			21,500

			Average balance

			27,918

			8,632

			Period end balance

			-

			21,500

			Weighted average interest rate (annualized):

			At end of period

			0.00
			%

			4.89
			%

			During the period

			4.85
			%

			5.05
			%

F-42

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(10 - continued)

FHLB advances are secured under a blanket collateral agreement. At December 31, 2024, the carrying value of U.S. Treasury notes and mortgage loans pledged as security for FHLB advances was $9.9 million and $53.1 million, respectively.

			(11)

			LEASES

The Company is a lessee in certain leasing agreements, such as for branch office space.  During 2020, the Bank extended a noncancelable lease agreement for branch office space which expires in March 2025 with annual lease payments of $19,000.  The Bank’s subsidiary companies headquartered in Nevada lease office space under sublease agreements that automatically renew for one year periods each October. All of the Company’s leases are classified as operating leases. 

The Company had no outstanding ROU assets or corresponding lease liabilities at December 31, 2024. The Company’s right to