|
Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2014
|
Mar. 31, 2013
|
| INTEREST INCOME |
|
|
| Loans, including fees |
$ 3,838 |
$ 3,924 |
| Securities: |
|
|
| Taxable |
317 |
348 |
| Tax-exempt |
290 |
267 |
| Federal Home Loan Bank dividends |
39 |
25 |
| Federal funds sold and interest bearing deposits with banks |
18 |
12 |
| Total interest income |
4,502 |
4,576 |
| INTEREST EXPENSE |
|
|
| Deposits |
289 |
404 |
| Retail repurchase agreements |
6 |
8 |
| Advances from Federal Home Loan Bank |
3 |
46 |
| Total interest expense |
298 |
458 |
| Net interest income |
4,204 |
4,118 |
| Provision for loan losses |
25 |
250 |
| Net interest income after provision for loan losses |
4,179 |
3,868 |
| NONINTEREST INCOME |
|
|
| Service charges on deposit accounts |
723 |
721 |
| Commission income |
78 |
119 |
| Gain on sale of securities |
0 |
21 |
| Gain on sale of loans |
107 |
223 |
| Mortgage brokerage fees |
5 |
11 |
| Increase in cash value of life insurance |
37 |
42 |
| Other income |
29 |
25 |
| Total noninterest income |
979 |
1,162 |
| NONINTEREST EXPENSE |
|
|
| Compensation and benefits |
1,835 |
1,751 |
| Occupancy and equipment |
319 |
321 |
| Data processing |
367 |
346 |
| Professional fees |
145 |
168 |
| Advertising |
64 |
38 |
| Other expenses |
569 |
698 |
| Total noninterest expense |
3,299 |
3,322 |
| Income before income taxes |
1,859 |
1,708 |
| Income tax expense |
559 |
511 |
| Net Income |
1,300 |
1,197 |
| Less: net income attributable to the noncontrolling interest in subsidiary |
3 |
3 |
| Net Income Attributable to First Capital, Inc. |
$ 1,297 |
$ 1,194 |
| Earnings per common share attributable to First Capital, Inc. |
|
|
| Basic |
$ 0.47 |
$ 0.43 |
| Diluted |
$ 0.47 |
$ 0.43 |
| Dividends per share on common shares |
$ 0.21 |
$ 0.20 |