Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 886

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 886
---
 restrictions placed on its transferability.  The methods utilized to measure the fair value of financial instruments at December 31, 2024 and 2023 represent an approximation of exit price, but an actual exit price may differ.

			(21)

			REVENUE FROM CONTRACTS WITH CUSTOMERS

Substantially all of the Company’s revenue from contracts with customers in the scope of FASB ASC 606 is recognized within noninterest income.  The following table presents the Company’s sources of noninterest income and other income within the scope of FASB ASC 606 for the years ended December 31, 2024, 2023 and 2022:

			(In thousands)

			2024

			2023

			2022

			In Scope for ASC 606

			Service charges on deposit accounts

			$
			2,402

			$
			2,343

			$
			2,273

			ATM and debit card fees

			4,467

			4,489

			4,345

			Investment advisory income

			61

			57

			427

			Other

			129

			120

			100

			Revenue from contracts with customers

			7,059

			7,009

			7,145

			Out of Scope for ASC 606

			Net gains on loans and investments

			212

			254

			419

			Increase in cash value of life insurance

			224

			206

			201

			Other

			161

			163

			162

			Other noninterest income

			597

			623

			782

			Total noninterest income

			$
			7,656

			$
			7,632

			$
			7,927

A description of the Company’s revenue streams accounted for under FASB ASC 606 follows:

Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services.  Transaction-based fees, which include services such as stop payment charges and statement rendering, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer's request.  Account maintenance fees, which relate primarily to monthly maintenance, are earned over the