First Capital Inc (NASDAQ: FCAP) is a community banking company that operates through its subsidiary bank, providing deposit and lending services to retail and commercial customers in southern Indiana and Kentucky. It earns money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings. The bank's loan portfolio includes residential mortgage loans, construction loans, and commercial real estate loans secured by small retail stores, professional office space, and warehouses. Deposits as of December 31, 2025 included non-interest bearing demand accounts ($220.1 million, 19.6% of total), NOW accounts ($361.2 million, 32.2% of total), and other deposit categories. The main office is located in Corydon, Indiana, with branch offices across Harrison, Floyd, Clark, Washington, and Bullitt counties in Indiana and Kentucky, including locations opened as early as 1986.

Revenue model

Net interest income from loans and investment securities, funded by retail and commercial deposits. The bank holds mortgage-backed securities, CMOs, and other investment securities alongside its loan portfolio. Deposit funding includes non-interest bearing demand, NOW, and other account types.

Products and services

Residential mortgage loans, construction loans, commercial real estate loans, non-interest bearing demand deposit accounts, NOW accounts, and investment securities including mortgage-backed securities and CMOs.

Customers and end markets

Retail deposit customers, residential mortgage borrowers, residential construction borrowers, and commercial real estate borrowers including small retail, professional office, and warehouse property owners in southern Indiana and northern Kentucky.

Value-chain role

Community bank and deposit-taking institution. Originates and holds loans on balance sheet, funds them with local deposits, and manages an investment securities portfolio.

Geographic exposure

Southern Indiana and northern Kentucky. Branch offices as of December 31, 2025 located in Corydon, New Salisbury, Palmyra, Greenville, Georgetown, New Albany, Floyds Knobs, Jeffersonville, Salem, Lanesville, Charlestown (Indiana), and Shepherdsville, Mount Washington, Lebanon Junction (Kentucky).

Source: SEC 10-K, filed 2026-03-31

Industry: Savings Institution, Federally Chartered Peers: Bank of South Carolina Benchmark Bankshares Inc PNC Financial Services Group Inc