Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 574

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 574
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			30

			Agency notes and bonds

			3

			2,754

			12

			Muncipal obligations

			74

			32,124

			2,405

			Total less than twelve months

			80

			42,897

			2,447

			Continuous loss position more than twelve months:

			Agency mortgage-backed securities

			96

			72,044

			9,122

			Agency CMO

			22

			4,998

			293

			Agency notes and bonds

			52

			123,416

			8,695

			Treasury notes and bonds

			21

			63,084

			1,674

			Muncipal obligations

			130

			79,643

			9,834

			Total more than twelve months

			321

			343,185

			29,618

			Total securities available for sale

			401

			$
			386,082

			$
			32,065

			Securities held to maturity:

			Continuous loss position less than twelve months:

			Corporate notes

			4

			$
			4,446

			$
			2,554

			Total less than twelve months

			4

			4,446

			2,554

			Total securities held to maturity

			4

			$
			4,446

			$
			2,554

The Company has not identified any specific available for sale securities in a loss position that it intends to sell in the near term and does not believe that it will be required to sell any such securities. The Company reviews its securities on a quarterly basis to assess declines in fair value for credit losses. Consideration is given to such factors as the credit rating of the borrower, market conditions such as current interest rates, any adverse conditions specific to the security, and delinquency status on contractual payments. At December 31, 2024, management concluded that in all instances, securities with fair values less than carrying value were due to market and other factors; thus, no credit loss provision was required.

In addition, management assesses held to maturity securities for credit losses on a quarterly basis. The assessment includes review of