|
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
6 Months Ended |
|
Jun. 30, 2013
|
Jun. 30, 2012
|
Jun. 30, 2013
|
Jun. 30, 2012
|
| INTEREST INCOME |
|
|
|
|
| Loans, including fees |
$ 3,925 |
$ 3,985 |
$ 7,849 |
$ 8,008 |
| Securities: |
|
|
|
|
| Taxable |
315 |
421 |
663 |
855 |
| Tax-exempt |
267 |
230 |
534 |
463 |
| Federal Home Loan Bank dividends |
24 |
22 |
49 |
45 |
| Federal funds sold and interest bearing deposits with banks |
23 |
18 |
35 |
26 |
| Total interest income |
4,554 |
4,676 |
9,130 |
9,397 |
| INTEREST EXPENSE |
|
|
|
|
| Deposits |
386 |
539 |
790 |
1,125 |
| Retail repurchase agreements |
7 |
9 |
15 |
21 |
| Advances from Federal Home Loan Bank |
47 |
102 |
93 |
207 |
| Total interest expense |
440 |
650 |
898 |
1,353 |
| Net interest income |
4,114 |
4,026 |
8,232 |
8,044 |
| Provision for loan losses |
225 |
300 |
475 |
775 |
| Net interest income after provision for loan losses |
3,889 |
3,726 |
7,757 |
7,269 |
| NON INTEREST INCOME |
|
|
|
|
| Service charges on deposit accounts |
783 |
744 |
1,504 |
1,431 |
| Commission income |
76 |
36 |
195 |
80 |
| Gain on sale of securities |
0 |
0 |
21 |
0 |
| Gain on sale of mortgage loans |
258 |
247 |
481 |
505 |
| Mortgage brokerage fees |
6 |
6 |
17 |
19 |
| Increase in cash surrender value of life insurance |
42 |
47 |
84 |
95 |
| Other income |
23 |
20 |
48 |
45 |
| Total non interest income |
1,188 |
1,100 |
2,350 |
2,175 |
| NON INTEREST EXPENSE |
|
|
|
|
| Compensation and benefits |
1,724 |
1,814 |
3,475 |
3,700 |
| Occupancy and equipment |
278 |
305 |
599 |
611 |
| Data processing |
365 |
333 |
711 |
657 |
| Professional fees |
202 |
159 |
370 |
312 |
| Advertising |
71 |
65 |
109 |
112 |
| Other operating expenses |
666 |
684 |
1,364 |
1,301 |
| Total non interest expense |
3,306 |
3,360 |
6,628 |
6,693 |
| Income before income taxes |
1,771 |
1,466 |
3,479 |
2,751 |
| Income tax expense |
557 |
427 |
1,068 |
790 |
| Net Income |
1,214 |
1,039 |
2,411 |
1,961 |
| Less: net income attributable to noncontrolling interest in subsidiary |
4 |
4 |
7 |
7 |
| Net Income Attributable to First Capital, Inc. |
$ 1,210 |
$ 1,035 |
$ 2,404 |
$ 1,954 |
| Earnings per common share attributable to First Capital, Inc. |
|
|
|
|
| Basic |
$ 0.43 |
$ 0.37 |
$ 0.86 |
$ 0.70 |
| Diluted |
$ 0.43 |
$ 0.37 |
$ 0.86 |
$ 0.70 |
| Dividends per share |
$ 0.20 |
$ 0.19 |
$ 0.40 |
$ 0.38 |