Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 66

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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4.  The Company had no liabilities measured at fair value as of December 31, 2024.

			Carrying Value

			(In thousands)

			Level 1

			Level 2

			Level 3

			Total

			December 31, 2024

			Assets Measured on a Recurring Basis

			Securities available for sale:

			Agency mortgage-backed securities

			$
			-

			$
			67,941

			$
			-

			$
			67,941

			Agency CMO

			-

			47,518

			-

			47,518

			Agency notes and bonds

			-

			118,080

			-

			118,080

			Treasury notes and bonds

			21,549

			-

			-

			21,549

			Municipal obligations

			-

			134,155

			-

			134,155

			Total securities available for sale

			$
			21,549

			$
			367,694

			$
			-

			$
			389,243

			Equity securities

			$
			886

			$
			-

			$
			-

			886

			Assets Measured on a Nonrecurring Basis

			Collateral dependent loans:

			Commercial Business

			$
			-

			$
			-

			$
			693

			$
			693

			1-4 Family Residential Construction

			-

			-

			36

			36

			Total collateral dependent loans

			$
			-

			$
			-

			$
			729

			$
			729

Fair value is based upon quoted market prices, where available.  If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association’s standard calculations for cash flow and price/yield analysis and observable market-based parameters.  Valuation adjustments may be made to ensure that financial instruments are recorded at fair value.  These adjustments may include unobservable parameters.  Any such valuation adjustments have been applied consistently over time.  The Company’s