Company: FCAP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001171843-25-003186
Chunk: 19

Company: FIRST CAPITAL INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 3
Chunk 19
---
300bp

			$
			257,887

			$
			10,236

			4.13
			%

			23.76
			%
			
			261bp

			200bp

			257,819

			10,168

			4.11

			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