Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 678

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 678
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 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 December 31, 2024 and 2023 financial information. 

			At December 31, 2024

			At December 31, 2023

			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

			$
			1,314

			3.56
			%
			 
			$
			503

			1.44
			%

			200bp

			1,154

			3.13

			354

			1.01

			100bp

			656

			1.78

			199

			0.57

			Static

			-

			-

			-

			-

			(100)bp

			(897
			)

			(2.43
			)

			72

			0.21

			(200)bp

			(1,681
			)

			(4.55
			)

			(48
			)

			(0.13
			)

			(300)bp

			(2,490
			)

			(6.74
			)

			(734
			)

			(2.10
			)

53

At December 31, 2024 and 2023, 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 December 31, 2024, an immediate and sustained decrease in rates of 1.00%, 2.00% or 3.00% would decrease the Company’s net interest income over a one year horizon compared to a flat interest rate scenario. At