Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 11

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 11
---
	23.17

			202bp

			100bp

			254,035

			6,384

			2.58

			22.26

			111bp

			Static

			247,651

			-

			-

			21.15

			0bp

			(100)bp

			230,424

			(17,227
			)

			(6.96
			)

			19.24

			(192)bp

			(200)bp

			212,461

			(35,190
			)

			(14.21
			)

			17.26

			(389)bp

			(300)bp

			190,313

			(57,338
			)

			(23.15
			)

			15.02

			(613)bp

The tables indicate that at March 31, 2025 and December 31, 2024 the Company would expect an increase in its EVE in the event of a sudden and sustained 100, 200 and 300 basis point increase in prevailing interest rates. At March 31, 2025 and December 31, 2024, the Company would expect a decrease in its EVE in the event of a sudden and sustained 100, 200 and 300 basis point decrease in prevailing interest rates. As previously mentioned in this report, during the quarter ended March 31, 2025, the Company evaluated and adjusted deposit rate betas and key interest rate index ties in its scenarios to better reflect the current interest rate environment and increased competitive pressure for deposits.

-47-

PART I – ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES

ABOUT MARKET RISK

FIRST CAPITAL, INC.

The models are driven by expected behavior in various interest rate scenarios and many factors besides market interest rates affect the Company’s net interest income and EVE.  For this reason, the Company models many different combinations of interest rates and balance sheet assumptions to understand its overall sensitivity to market interest rate changes.  Therefore, as with any method of measuring interest rate risk, certain shortcomings are inherent in the method of analysis presented in the foregoing tables and it is recognized that the model outputs are not guarantees of actual results.  For example, although certain assets and liabilities may have similar matur