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SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding. Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements. Earnings per share information is presented below for the years ended

December 31, 2017,

2016

and

2015.

(In thousands, except share and per share data)	Years Ended December 31,
	2017		2016		2015
Basic:

Net income attributable to First Capital, Inc.	$	7,439	$	6,864	$	5,198

Shares:
Weighted average common shares outstanding		3,325,032		3,340,566		2,783,508

Net income per common share attributable to First Capital, Inc., basic	$	2.24	$	2.05	$	1.87

Diluted:

Net income attributable to First Capital, Inc.	$	7,439	$	6,864	$	5,198

Shares:
Weighted average common shares outstanding		3,325,032		3,340,566		2,783,508
Add: Dilutive effect of restricted stock		4,531		2,850		404

Weighted average common shares outstanding, as adjusted		3,329,563		3,343,416		2,783,912

Net income per common share attributable to First Capital, Inc., diluted	$	2.23	$	2.05	$	1.87

Nonvested restricted stock shares are

not

considered as outstanding for purposes of computing weighted average common shares outstanding.

shares were excluded from the calculation of diluted net income per common share because their effect would be anti-dilutive for the years ended

December 31, 2017,

2016

and

2015.