UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________________ to__________________ Commission File No. 0-25023 First Capital, Inc. (Exact name of registrant as specified in its charter) | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission File Number: 0-25023 FIRST CAPITAL, INC. (Exact name of registrant as specified in its charter) Indiana 35-2056949 (State or other juri ...

Financial Performance - Net income for the nine months ended September 30, 2019 was $7.9 million ($2.37 per diluted share), up from $6.8 million ($2.03 per diluted share) for the same period in 2018[198] - Net interest income increased by $2.5 million for the nine months ended September 30, 2019, primarily due to increases in interest-earning assets and the interest rate spread[200] - Noninterest income for the nine months ended September 30, 2019 increased by $146,000, driven by higher ATM and debit card fees[214] - Noninterest expense for the nine months ended September 30, 2019 rose by $1.2 million, mainly due to increases in compensation and benefit expenses[216] - Income tax expense for the nine-month period ended September 30, 2019 was $1.5 million, with an effective tax rate of 16.3%, up from 14.8% in the same period of 2018[218] Asset and Loan Growth - Total assets increased by $29.1 million, from $794.2 million at December 31, 2018 to $823.3 million at September 30, 2019, representing a growth of 3.7%[190] - Net loans receivable rose by $33.4 million, from $434.3 million at December 31, 2018 to $467.7 million at September 30, 2019, with notable increases in construction loans ($10.3 million) and commercial mortgage loans ($9.1 million)[191] - Total deposits increased from $701.6 million at December 31, 2018 to $719.4 million at September 30, 2019, with noninterest-bearing checking accounts growing by $12.4 million[196] - Cash and cash equivalents increased from $41.1 million at December 31, 2018 to $43.5 million at September 30, 2019, primarily due to excess liquidity from increased deposit balances[195] - As of September 30, 2019, the Company had liquid assets of $3.0 million[224] Capital and Risk Management - The Bank maintained Tier 1 capital ratios of 9.9%, 14.1%, 14.1%, and 14.9%, exceeding the regulatory requirements for being "well-capitalized"[225] - The allowance for loan losses was $4.7 million at September 30, 2019, compared to $4.1 million at December 31, 2018, with nonperforming loans decreasing to $1.8 million[213] - The Company's net interest income could increase by $3,658,000 (12.18%) with a 300 basis point increase in interest rates over a one-year horizon as of September 30, 2019[239] - The Economic Value of Equity (EVE) could increase by $58,898,000 (48.98%) with a 300 basis point increase in interest rates as of September 30, 2019[243] - The Company relies on retail deposits as its primary source of funds, which are considered more stable compared to brokered deposits[233] Internal Controls and Compliance - The Company's management concluded that its disclosure controls and procedures were effective as of the end of the reporting period[249] - There were no changes in the Company's internal control over financial reporting that materially affected its operations during the quarter ended September 30, 2019[250] - For the nine months ended September 30, 2019, the Company did not engage in any off-balance sheet transactions likely to materially affect its financial condition[229] - The Company has not engaged in trading or hedging activities, nor does it face foreign currency exchange rate risk[234] - The Company updated its interest rate risk model during the nine months ended September 30, 2019, reflecting market conditions more accurately[239]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------|------------------------------------------------------| | For the transition period | from____ ...

Financial Performance - Net income for the three months ended March 31, 2019, was $2.1 million, unchanged from the same period in 2018, with net interest income increasing by $780,000[171]. - Total interest income increased by $894,000, with the average balance of interest-earning assets at $741.0 million and a tax-equivalent yield of 4.19% for the three months ended March 31, 2019[173]. - Noninterest income decreased by $21,000, with declines in gains on the sale of securities and loans offset by an unrealized gain on equity securities of $131,000[181]. - Noninterest expense increased by $411,000, driven by higher compensation and benefits, data processing expenses, and net losses on foreclosed real estate[182]. Asset and Deposit Growth - Total assets increased by $19.7 million, or 2.5%, from $794.2 million at December 31, 2018, to $813.9 million at March 31, 2019[164]. - Net loans receivable rose by $15.5 million, from $434.3 million to $449.8 million, with construction loans, residential mortgage loans, and commercial business loans increasing by $5.7 million, $5.1 million, and $3.8 million, respectively[164]. - Total deposits increased from $701.6 million to $718.5 million, with noninterest-bearing checking accounts, interest-bearing checking accounts, and savings accounts rising by $9.5 million, $5.9 million, and $2.5 million, respectively[169]. - Cash and cash equivalents increased from $41.1 million to $55.5 million, primarily due to excess liquidity from increased deposit balances[168]. Capital and Regulatory Compliance - The Bank maintained a Tier 1 capital ratio of 9.7% and was considered "well-capitalized" under regulatory guidelines as of March 31, 2019[190]. Interest Rate Sensitivity - As of March 31, 2019, a 300 basis point increase in interest rates could lead to a projected net interest income increase of $3,381,000, representing an 11.26% change compared to the base case scenario[204]. - The Economic Value of Equity (EVE) is projected to change by $43,010,000 (28.25% increase) with a 300 basis point increase in interest rates as of March 31, 2019[210]. - A 200 basis point increase in interest rates could result in a net interest income increase of $2,078,000, which is a 6.92% change from the base case scenario[204]. - The EVE is expected to decrease by $42,256,000 (27.76% decrease) with a 200 basis point decrease in interest rates[210]. - The company updated discount rates and betas on loans and deposits during the three months ended March 31, 2019, to better reflect market conditions[209]. - The EVE ratio is projected to be 25.27% with a 300 basis point increase in interest rates, indicating a significant sensitivity to interest rate changes[210]. - A static interest rate scenario would result in an EVE of $152,231,000, with no change in value[210]. - The company models various interest rate scenarios to assess overall sensitivity to market interest rate changes, acknowledging inherent limitations in the modeling approach[213]. - The company’s net interest income is sensitive to changes in market interest rates, with potential increases or decreases depending on the direction of the rate changes[205]. Internal Controls and Reporting - There have been no changes in the company's internal control over financial reporting that materially affected its effectiveness during the quarter ended March 31, 2019[216]. - The Company's management has evaluated the effectiveness of its disclosure controls and procedures, concluding they were effective as of the end of the reporting period[215]. - There have been no changes in the Company's internal control over financial reporting that materially affected its reporting during the quarter ended March 31, 2019[216].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission File Number: 0-25023 FIRST CAPITAL, INC. (Exact name of registrant as specified in its charter) Indiana 35-2056949 (State or other juri ...