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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
INTEREST INCOME        
Loans, including fees $ 4,351 $ 4,726 $ 8,690 $ 9,372
Securities:        
Taxable 498 569 951 1,120
Tax-exempt 271 263 542 523
Federal Home Loan Bank dividends 19 17 46 35
Fed funds sold and interest bearing deposits with banks 11 8 20 12
Total interest income 5,150 5,583 10,249 11,062
INTEREST EXPENSE        
Deposits 830 1,155 1,708 2,386
Retail repurchase agreements 18 17 34 34
Advances from Federal Home Loan Bank 158 261 316 522
Total interest expense 1,006 1,433 2,058 2,942
Net interest income 4,144 4,150 8,191 8,120
Provision for loan losses 425 420 925 880
Net interest income after provision for loan losses 3,719 3,730 7,266 7,240
NON-INTEREST INCOME        
Service charges on deposit accounts 733 726 1,407 1,314
Commission income 52 38 82 76
Loss on sale of securities (19) 0 (19) 0
Gain on sale of mortgage loans 100 162 225 279
Mortgage brokerage fees 16 0 30 0
Increase in cash surrender value of life insurance 51 54 104 110
Other income 22 23 49 47
Total non-interest income 955 1,003 1,878 1,826
NON-INTEREST EXPENSE        
Compensation and benefits 1,881 1,744 3,711 3,510
Occupancy and equipment 311 347 640 685
Data processing 291 278 581 244
Professional fees 164 184 313 390
Advertising 83 52 113 91
Other operating expenses 641 790 1,265 1,365
Total non-interest expense 3,371 3,395 6,623 6,285
Income before income taxes 1,303 1,338 2,521 2,781
Income tax expense 358 346 677 785
Net Income 945 992 1,844 1,996
Less: net income attributable to noncontrolling interest in subsidiary 4 4 7 7
Net Income Attributable to First Capital, Inc. 941 988 1,837 1,989
Unrealized gain on securities available for sale:        
Unrealized holding gains arising during the period 888 309 867 589
Less: reclassification adjustment 12 0 12 0
Other comprehensive income 900 309 879 589
Comprehensive Income $ 1,841 $ 1,297 $ 2,716 $ 2,578
Earnings per common share attributable to First Capital, Inc.        
Basic $ 0.34 $ 0.35 $ 0.66 $ 0.71
Diluted $ 0.34 $ 0.35 $ 0.66 $ 0.71
Dividends per share $ 0.19 $ 0.18 $ 0.38 $ 0.36