第一资本 2025年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period endedSeptember30, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period fromtoCommission File No.0-25023First Capital,Inc.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:3,347,627shares of common stock were outstanding as of October 31, 2025. FIRST CAPITAL,INC. INDEX Part IFinancial InformationPageItem 1. Consolidated Financial StatementsConsolidated Balance Sheets as of September 30, 2025 and December 31, 2024 (unaudited)3Consolidated Statements of Income for the three and nine months ended September 30, 2025 and2024 (unaudited)4Consolidated Statements of Comprehensive Income for the three and nine months ended September30, 2025 and 2024 (unaudited)5Consolidated Statements of Changes in Stockholders’ Equity for the three and nine months endedSeptember 30, 2025 and 2024 (unaudited)6Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024(unaudited)7Notes to Consolidated Financial Statements (unaudited)8-31Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations32-35Item 3. Quantitative and Qualitative Disclosures About Market Risk36-37Item 4. Controls and Procedures38Part IIOther Information39Item 1. Legal Proceedings39Item 1A. Risk Factors39Item 2. Unregistered Sales of Equity Securities and Use of Proceeds39Item 3. Defaults Upon Senior Securities39Item 4. Mine Safety Disclosures39Item 5. Other Information39Item 6. Exhibits40Signatures PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF INCOME(Unaudited) PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) See accompanying notes to consolidated financial statements. PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(Unaudited) PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Net increase in deposits28,2945,038Advances from FHLB and BTFP—167,750Repayment of advances from the FHLB and BTFP—(155,625)Purchase of treasury stock(61)(41)Taxes paid on stock award shares for employees(11)(13)Dividends paid(2,998)(2,796)Net Cash Provided By Financing Activities25,22414,313 FIRST CAPITAL,INC.NOTESTO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1.Presentation of Interim Information First Capital,Inc. (“Company”) is the financial holding company of First Harrison Bank (“Bank”), an Indianachartered commercial bank and wholly owned subsidiary. First Harrison Investments,Inc. and First HarrisonHoldings,Inc. are wholly-owned Nevada corporate subsidiaries of the Bank that jointly own First Harrison,LLC, a Nevada limited liability corporation that holds and manages an investment portfolio. First HarrisonREIT,Inc. (“REIT”) is a wholly-owned subsidiary of First Harrison Holdings,Inc. that holds a portion of theBank’s real estate mortgage loan portfolio. In the opinion of management, the unaudited consolidated financial statements include all adjustmentsconsidered necessary to present fairly the financial position as of September 30, 2025, and the results ofoperations for the three and ninemonths ended September 30, 2025 and 2024 and the cash flows for the ninemonths ende