Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 331

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 331
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 October and November 2024.  Effective March 11, 2024, the BTFP ceased making new loans.

During the years ended December 31, 2024 and 2023, the Company utilized a series of short-term fixed-rate bullet and variable rate advances from the FHLB in order to meet daily liquidity requirements and to fund growth in earning assets. The fixed-rate bullet advances had an average term of seven days.

The following table sets forth information on the short-term FHLB advances and BTFP borrowings during the years ended December 31, 2024 and 2023:

			(Dollars in thousands)

			2024

			2023

			FHLB variable-rate advances

			Maximum balance at any month end

			$
			5,000

			$
			10,000

			Average balance

			515

			1,279

			Period end balance

			-

			-

			Weighted average interest rate (annualized):

			At end of period

			0.00
			%

			0.00
			%

			During the period

			5.81
			%

			5.79
			%

			FHLB fixed-rate bullet advances

			Maximum balance at any month end

			$
			13,000

			$
			22,500

			Average balance

			1,221

			4,804

			Period end balance

			-

			-

			Weighted average interest rate (annualized):

			At end of period

			0.00
			%

			0.00
			%

			During the period

			5.68
			%

			5.54
			%

			BTFP borrowings:

			Maximum balance at any month end

			$
			33,625

			$
			21,500

			Average balance

			27,918

			8,632

			Period end balance

			-

			21,500

			Weighted average interest rate (annualized):

			At end of period

			0.00
			%

			4.89
			%

			During the period

			4.85
			%

			5.