Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 349

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 349
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 continued)

There have been no changes in the valuation techniques and related inputs used for assets measured at fair value on a recurring and nonrecurring basis during the years ended December 31, 2024 and 2023.  There were no transfers in or out of the Company’s Level 3 financial assets for the years ended December 31, 2024 and 2023. 

			(20)

			DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

The following table summarizes the carrying value and estimated fair value of financial instruments and the level within the fair value hierarchy (see Note 19) in which the fair value measurements fall at December 31, 2024 and 2023:

			Carrying

			Fair

			Fair Value Measurements Using

			(In thousands)

			Value

			Value

			Level 1

			Level 2

			Level 3

			December 31, 2024:

			Financial assets:

			Cash and cash equivalents

			$
			105,917

			$
			105,917

			$
			105,917

			$
			-

			$
			-

			Interest-bearing time deposits

			2,695

			2,725

			-

			2,725

			-

			Securities available for sale

			389,243

			389,243

			21,549

			367,694

			-

			Securities held to maturity

			7,000

			4,591

			-

			4,591

			-

			Loans held for sale

			472

			477

			-

			477

			-

			Loans, net

			631,199

			628,057

			-

			-

			628,057

			FHLB and other restricted stock

			1,836

			N/A

			N/A

			N/A

			N/A

			Accrued interest receivable

			4,575

			4,575

			-

			4,575

			-

			Equity securities (included in other assets)

			886

			886

			886

			-

			-

			Financial liabilities: