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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
INTEREST INCOME        
Loans, including fees $ 9,716 $ 8,573 $ 28,426 $ 24,282
Securities:        
Taxable 1,730 1,426 5,116 4,074
Tax-exempt 628 825 1,968 2,559
Dividends 27 18 63 40
Federal funds sold and other income 1,123 337 1,706 1,011
Total interest income 13,224 11,179 37,279 31,966
INTEREST EXPENSE        
Deposits 3,688 2,429 9,597 5,578
Advances - FHLB 0 50 99 108
Borrowed funds - BTFP 411 163 1,201 240
Total interest expense 4,099 2,642 10,897 5,926
Net interest income 9,125 8,537 26,382 26,040
Provision for credit losses 463 290 1,103 833
Net interest income after provision for credit losses 8,662 8,247 25,279 25,207
NONINTEREST INCOME        
Noninterest income, financial services 1,808 1,766 5,268 5,229
Gain on sale of securities 0 63 32 49
Unrealized loss on equity securities (196) (131) (270) (86)
Gain on sale of loans 124 127 394 317
Increase in cash surrender value of life insurance 47 47 161 158
Other income 48 102 236 225
Total noninterest income 1,800 1,947 5,722 5,801
NONINTEREST EXPENSE        
Compensation and benefits 3,891 3,731 11,696 11,322
Occupancy and equipment 476 435 1,419 1,328
Data processing 1,164 1,113 3,355 3,225
Professional fees 334 121 896 472
Advertising 107 62 274 239
Other expenses 1,052 1,019 3,141 2,962
Total noninterest expense 7,024 6,481 20,781 19,548
Income before income taxes 3,438 3,713 10,220 11,460
Income tax expense 537 572 1,532 1,770
Net Income 2,901 3,141 8,688 9,690
Less: net income attributable to noncontrolling interest in subsidiary 3 3 10 10
Net Income Attributable to First Capital, Inc. $ 2,898 $ 3,138 $ 8,678 $ 9,680
Earnings per common share attributable to First Capital, Inc.:        
Basic (in dollars per share) $ 0.87 $ 0.94 $ 2.59 $ 2.89
Diluted (in dollars per share) 0.87 0.94 2.59 2.89
Dividends per share (in dollars per share) $ 0.29 $ 0.27 $ 0.83 $ 0.81
Deposit Account [Member]        
NONINTEREST INCOME        
Noninterest income, financial services $ 610 $ 597 $ 1,767 $ 1,737
ATM and Debit Card Fees [Member]        
NONINTEREST INCOME        
Noninterest income, financial services 1,144 1,127 3,354 3,355
Investment Advisory, Management and Administrative Service [Member]        
NONINTEREST INCOME        
Noninterest income, financial services $ 23 $ 15 $ 48 $ 46