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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Loans, including fees $ 8,573 $ 6,533 $ 24,282 $ 17,885
Securities:        
Taxable 1,426 1,241 4,074 3,189
Tax-exempt 825 829 2,559 2,350
Dividends 18 5 40 14
Federal funds sold and other interest income 337 440 1,011 713
Total interest income 11,179 9,048 31,966 24,151
INTEREST EXPENSE        
Deposits 2,429 390 5,578 910
Advances - FHLB 50 0 108 0
Borrowed funds - BTFP 163 0 240 0
Total interest expense 2,642 390 5,926 910
Net interest income 8,537 8,658 26,040 23,241
Provision for credit losses 290 175 833 550
Net interest income after provision for credit losses 8,247 8,483 25,207 22,691
NONINTEREST INCOME        
Noninterest income 1,766 1,856 5,229 5,283
Gain on sale of securities 63 0 49 0
Unrealized loss on equity securities (131) (229) (86) (265)
Gain on sale of loans 127 170 317 720
Increase in cash surrender value of life insurance 47 44 158 157
Other income 102 51 225 171
Total noninterest income 1,947 1,873 5,801 5,985
NONINTEREST EXPENSE        
Compensation and benefits 3,731 3,832 11,322 10,977
Occupancy and equipment 435 462 1,328 1,385
Data processing 1,113 1,047 3,225 2,909
Professional fees 121 152 472 620
Advertising 62 62 239 203
Other expenses 1,019 1,004 2,962 2,694
Total noninterest expense 6,481 6,559 19,548 18,788
Income before income taxes 3,713 3,797 11,460 9,888
Income tax expense 572 669 1,770 1,516
Net Income 3,141 3,128 9,690 8,372
Less: net income attributable to noncontrolling interest in subsidiary 3 3 10 10
Net Income Attributable to First Capital, Inc. $ 3,138 $ 3,125 $ 9,680 $ 8,362
Earnings per common share attributable to First Capital, Inc.:        
Basic (in dollars per share) $ 0.94 $ 0.93 $ 2.89 $ 2.49
Diluted (in dollars per share) 0.94 0.93 2.89 2.49
Dividends per share (in dollars per share) $ 0.27 $ 0.26 $ 0.81 $ 0.78
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income $ 597 $ 618 $ 1,737 $ 1,670
ATM and Debit Card Fees [Member]        
NONINTEREST INCOME        
Noninterest income 1,127 1,059 3,355 3,132
Investment Advisory, Management and Administrative Service [Member]        
NONINTEREST INCOME        
Noninterest income $ 15 $ 160 $ 46 $ 400