Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 41

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 41
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:

			Agency mortgage-backed securities

			7

			$
			8,008

			$
			93

			Agency CMO

			11

			19,211

			215

			Agency notes and bonds

			7

			4,830

			57

			Muncipal obligations

			39

			18,880

			334

			Total less than twelve months

			64

			50,929

			699

			Continuous loss position more than twelve months:

			Agency mortgage-backed securities

			93

			59,933

			8,261

			Agency CMO

			22

			7,271

			285

			Agency notes and bonds

			45

			112,046

			4,703

			Treasury notes and bonds

			8

			21,549

			254

			Muncipal obligations

			196

			103,201

			15,864

			Total more than twelve months

			364

			304,000

			29,367

			Total securities available for sale

			428

			$
			354,929

			$
			30,066

			Securities held to maturity:

			Continuous loss position less than twelve months:

			Corporate notes

			4

			$
			4,591

			$
			2,409

			Total less than twelve months

			4

			4,591

			2,409

			Total securities held to maturity

			4

			$
			4,591

			$
			2,409

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 March 31, 2025, management concluded that in all instances, securities with fair values less than carrying value were due to