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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Loans, including fees $ 8,071 $ 5,859 $ 15,709 $ 11,352
Securities:        
Taxable 1,347 1,061 2,648 1,948
Tax-exempt 869 780 1,734 1,521
Dividends 11 4 22 9
Federal funds sold and other interest income 302 194 674 273
Total interest income 10,600 7,898 20,787 15,103
INTEREST EXPENSE        
Deposits 2,153 267 3,149 520
Borrowed funds 135 0 135 0
Total interest expense 2,288 267 3,284 520
Net interest income 8,312 7,631 17,503 14,583
Provision for credit losses 350 200 543 375
Net interest income after provision for credit losses 7,962 7,431 16,960 14,208
NONINTEREST INCOME        
Noninterest income 1,769 1,757 3,463 3,427
Loss on sale of securities available for sale (14) 0 (14) 0
Unrealized gain (loss) on equity securities (92) (99) 45 (36)
Gain on sale of loans 104 215 190 550
Increase in cash surrender value of life insurance 66 63 111 113
Other income 61 59 123 120
Total noninterest income 1,863 1,965 3,854 4,112
NONINTEREST EXPENSE        
Compensation and benefits 3,802 3,651 7,591 7,145
Occupancy and equipment 446 456 893 923
Data processing 1,081 993 2,112 1,862
Professional fees 165 178 351 468
Advertising 94 79 177 141
Other expenses 1,078 878 1,943 1,690
Total noninterest expense 6,666 6,235 13,067 12,229
Income before income taxes 3,159 3,161 7,747 6,091
Income tax expense 429 447 1,198 847
Net Income 2,730 2,714 6,549 5,244
Less: net income attributable to noncontrolling interest in subsidiary 4 4 7 7
Net Income Attributable to First Capital, Inc. $ 2,726 $ 2,710 $ 6,542 $ 5,237
Earnings per common share attributable to First Capital, Inc.:        
Basic (in dollars per share) $ 0.82 $ 0.81 $ 1.95 $ 1.56
Diluted (in dollars per share) 0.82 0.81 1.95 1.56
Dividends per share (in dollars per share) $ 0.27 $ 0.26 $ 0.54 $ 0.52
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 578 $ 543 $ 1,140 $ 1,052
ATM and Debit Card Fees [Member]        
NONINTEREST INCOME        
Noninterest income 1,141 1,066 2,228 2,073
Investment Advisory, Management and Administrative Service [Member]        
NONINTEREST INCOME        
Noninterest income $ 19 $ 118 $ 31 $ 240