Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 258

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 258
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 are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.

F-51

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(19 - continued)

The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2024 and 2023.  The Company had no liabilities measured at fair value as of December 31, 2024 or 2023.

			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

			$