$FCAP

FIRST CAPITAL INC

CIK:0001070296|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST INCOME
Loans, including fees	$ 10,813	$ 10,254	$ 21,255	$ 20,028
Taxable	2,866	1,979	5,579	3,813
Tax-exempt	713	665	1,416	1,314
Dividends	23	25	47	51
Interest bearing deposits with banks	1,207	1,117	2,249	2,180
Total interest income	15,622	14,040	30,546	27,386
INTEREST EXPENSE
Deposits	3,535	3,628	7,041	7,393
Total interest expense	3,535	3,628	7,041	7,393
Net interest income	12,087	10,412	23,505	19,993
Provision for credit losses	425	306	775	644
Net interest income after provision for credit losses	11,662	10,106	22,730	19,349
NONINTEREST INCOME
Noninterest income, financial services	1,863	1,781	3,585	3,458
Loss on sale of securities			(92)	(55)
Unrealized gain (loss) on equity securities	92	(41)	270	(23)
Gain on sale of loans	151	152	284	241
Increase in cash surrender value of life insurance	51	49	108	121
Other income	97	123	196	218
Total noninterest income	2,205	2,018	4,253	3,866
NONINTEREST EXPENSE
Compensation and benefits	4,505	4,270	8,842	8,372
Occupancy and equipment	576	549	1,210	1,172
Data processing	1,165	1,156	2,261	2,264
Professional fees	252	327	779	613
Advertising	204	120	276	194
Other expenses	1,151	1,072	2,238	2,060
Total noninterest expense	7,853	7,494	15,606	14,675
Income before income taxes	6,014	4,630	11,377	8,540
Income tax expense	1,249	852	2,279	1,524
Net Income	4,765	3,778	9,098	7,016
Less: net income attributable to noncontrolling interest in subsidiary	3	3	6	6
Net Income Attributable to First Capital, Inc.	$ 4,762	$ 3,775	$ 9,092	$ 7,010
Earnings per common share attributable to First Capital, Inc.:
Basic (in dollars per share)	$ 1.43	$ 1.13	$ 2.73	$ 2.09
Diluted (in dollars per share)	1.43	1.13	2.72	2.09
Dividends per share	$ 0.31	$ 0.29	$ 0.62	$ 0.58
Service charges on deposit accounts
NONINTEREST INCOME
Noninterest income, financial services	$ 642	$ 588	$ 1,234	$ 1,181
ATM and debit card fees
NONINTEREST INCOME
Noninterest income, financial services	$ 1,172	$ 1,147	$ 2,253	$ 2,183

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 9,098,000	$ 7,016,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:
Amortization of premiums and accretion of discounts on securities, net	206,000	410,000
Depreciation and amortization expense	569,000	561,000
Deferred income taxes	(1,193,000)	7,000
Stock compensation expense	35,000	77,000
Increase in cash value of life insurance	(108,000)	(121,000)
Gain on life insurance		(46,000)
Loss on sale of securities	92,000	55,000
Provision for credit losses	775,000	644,000
Proceeds from sales of loans	16,351,000	11,765,000
Loans originated for sale	(15,929,000)	(12,645,000)
Gain on sale of loans	(284,000)	(241,000)
Amortization of tax credit investment	748,000	1,343,000
Unrealized (gain) loss on equity securities	(270,000)	23,000
(Gain) loss on disposal of premises and equipment	(39,000)	58,000
Decrease (increase) in accrued interest receivable	43,000	(67,000)
(Decrease) increase in accrued interest payable	(253,000)	289,000
Net change in other assets/liabilities	751,000	(1,017,000)
Net Cash Provided By Operating Activities	10,592,000	8,111,000
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease in interest-bearing time deposits	245,000	490,000
Purchase of securities available for sale	(73,826,000)	(54,519,000)
Proceeds from maturities of securities available for sale	33,897,000	25,705,000
Proceeds from sales of securities available for sale	18,722,000	11,192,000
Principal collected on mortgage-backed obligations	28,188,000	15,386,000
Net increase in loans receivable	(14,799,000)	(18,619,000)
Investment in tax credit entities	(845,000)	(1,344,000)
Investment in technology fund	(134,000)	(60,000)
Proceeds from settlement of bank-owned life insurance policies		605,000
Proceeds from insurance claims	39,000
Purchase of premises and equipment	(1,193,000)	(489,000)
Net Cash Used In Investing Activities	(9,706,000)	(21,653,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	13,741,000	44,188,000
Purchase of treasury stock	(16,000)	(9,000)
Dividends paid	(2,087,000)	(1,959,000)
Net Cash Provided By Financing Activities	11,638,000	42,220,000
Net Increase in Cash and Cash Equivalents	12,524,000	28,678,000
Cash and cash equivalents at beginning of period	137,288,000	105,917,000
Cash and Cash Equivalents at End of Period	$ 149,812,000	$ 134,595,000

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and due from banks	$ 20,871	$ 26,873
Interest bearing deposits with banks	128,941	110,415
Total cash and cash equivalents	149,812	137,288
Interest-bearing time deposits	1,225	1,470
Securities available for sale, at fair value (amortized cost $424,888 and $432,167, respectively)	406,917	417,190
Securities held to maturity, at amortized cost (fair value $5,542 and $5,243, respectively)	7,000	7,000
Loans held for sale	1,326	1,464
Loans, net of allowance for credit losses of $10,714 ($10,108 in 2025)	668,124	654,100
Federal Home Loan Bank and other stock, at cost	1,836	1,836
Premises and equipment	14,980	14,357
Accrued interest receivable	5,057	5,100
Cash value of life insurance	9,101	8,993
Goodwill	6,472	6,472
Other assets	18,191	16,725
Total Assets	1,290,041	1,271,995
LIABILITIES
Noninterest-bearing	218,727	220,053
Interest-bearing	918,004	902,937
Total deposits	1,136,731	1,122,990
Accrued interest payable	1,942	2,195
Accrued expenses and other liabilities	8,753	8,901
Total liabilities	1,147,426	1,134,086
EQUITY
Preferred stock of $.01 par value per share Authorized 1,000,000 shares; none issued
Common stock of $.01 par value per share Authorized 7,500,000 shares; issued 3,814,543 shares (3,810,883 in 2025); outstanding 3,345,245 (3,341,871 in 2025)	38	38
Additional paid-in capital	42,015	41,823
Retained earnings-substantially restricted	124,653	117,635
Unearned stock compensation	(335)	(178)
Accumulated other comprehensive loss	(13,970)	(11,646)
Less treasury stock, at cost - 469,298 shares (469,012 in 2025)	(9,891)	(9,875)
Total First Capital, Inc. stockholders' equity	142,510	137,797
Noncontrolling interest in subsidiary	105	112
Total equity	142,615	137,909
Total Liabilities and Equity	$ 1,290,041	$ 1,271,995