Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 1675

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1675
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F-44

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

(12 - continued)

Significant components of the deferred tax assets and liabilities as of December 31, 2024 and 2023 were as follows:

			(In thousands)

			2024

			2023

			Deferred tax assets (liabilities):

			Deferred compensation plans

			$
			51

			$
			61

			Unrealized loss on securities available for sale

			6,701

			7,247

			ACL - loans

			2,297

			1,845

			ACL - unfunded commitments

			32

			31

			Accrued Expenses

			58

			-

			Unrealized loss on equity securities

			252

			160

			Restricted stock

			18

			26

			Interest on nonaccrual loans

			143

			128

			Deferred income

			102

			160

			State tax credit carryforwards

			305

			381

			Other

			6

			7

			Deferred tax assets

			9,965

			10,046

			Depreciation

			(890
			)

			(921
			)

			Deferred loan fees and costs

			(285
			)

			(236
			)

			FHLB stock dividends

			(37
			)

			(37
			)

			Prepaid expenses

			(219
			)

			(246
			)

			Acquisition purchase accounting adjustments

			(228
			)

			(270
			)

			Other

			(23
			)

			(58
			)

			Deferred tax liabilities

			(1,682
			)

			(1,768
			)

			Net deferred tax asset

			$
			8,283

			$
			8,278

At December 31, 2024 and 2023, the Company had state tax credit carryforwards of $305,000 and $381,000, respectively, that may be carried