|
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| INTEREST INCOME |
|
|
|
|
| Loans, including fees |
$ 4,020 |
$ 4,300 |
$ 12,028 |
$ 12,990 |
| Securities: |
|
|
|
|
| Taxable |
425 |
520 |
1,280 |
1,471 |
| Tax-exempt |
245 |
254 |
708 |
796 |
| Federal Home Loan Bank dividends |
21 |
20 |
66 |
66 |
| Federal funds sold and interest bearing deposits with banks |
11 |
7 |
37 |
27 |
| Total interest income |
4,722 |
5,101 |
14,119 |
15,350 |
| INTEREST EXPENSE |
|
|
|
|
| Deposits |
469 |
739 |
1,594 |
2,447 |
| Retail repurchase agreements |
8 |
14 |
29 |
48 |
| Advances from Federal Home Loan Bank |
98 |
144 |
305 |
460 |
| Total interest expense |
575 |
897 |
1,928 |
2,955 |
| Net interest income |
4,147 |
4,204 |
12,191 |
12,395 |
| Provision for loan losses |
350 |
400 |
1,125 |
1,325 |
| Net interest income after provision for loan losses |
3,797 |
3,804 |
11,066 |
11,070 |
| NONINTEREST INCOME |
|
|
|
|
| Service charges on deposit accounts |
756 |
750 |
2,187 |
2,157 |
| Commission income |
63 |
61 |
143 |
143 |
| Gain (loss) on sale of securities |
29 |
11 |
29 |
(8) |
| Gain on sale of mortgage loans |
207 |
169 |
712 |
394 |
| Mortgage brokerage fees |
3 |
9 |
22 |
39 |
| Increase in cash surrender value of life insurance |
43 |
50 |
138 |
154 |
| Other income |
25 |
24 |
70 |
73 |
| Total noninterest income |
1,126 |
1,074 |
3,301 |
2,952 |
| NONINTEREST EXPENSE |
|
|
|
|
| Compensation and benefits |
2,471 |
1,883 |
6,171 |
5,594 |
| Occupancy and equipment |
321 |
312 |
932 |
952 |
| Data processing |
336 |
297 |
993 |
878 |
| Professional fees |
150 |
151 |
462 |
464 |
| Advertising |
68 |
72 |
180 |
185 |
| Other operating expenses |
637 |
616 |
1,938 |
1,881 |
| Total noninterest expense |
3,983 |
3,331 |
10,676 |
9,954 |
| Income before income taxes |
940 |
1,547 |
3,691 |
4,068 |
| Income tax expense |
218 |
451 |
1,008 |
1,128 |
| Net Income |
722 |
1,096 |
2,683 |
2,940 |
| Less: net income attributable to noncontrolling interest in subsidiary |
3 |
3 |
10 |
10 |
| Net Income Attributable to First Capital, Inc. |
$ 719 |
$ 1,093 |
$ 2,673 |
$ 2,930 |
| Earnings per common share attributable to First Capital, Inc. |
|
|
|
|
| Basic |
$ 0.26 |
$ 0.39 |
$ 0.96 |
$ 1.05 |
| Diluted |
$ 0.26 |
$ 0.39 |
$ 0.96 |
$ 1.05 |
| Dividends per share |
$ 0.19 |
$ 0.19 |
$ 0.57 |
$ 0.57 |