Exhibit 99.3
First Capital Corporation and Subsidiaries
Condensed Consolidated Balance Sheets
(dollars in thousands)
| | September 30, 2013 | |
| | (unaudited) | |
ASSETS: | | | | |
Cash and cash equivalents | | $ | 23,508 | |
Investment securities | | | 107,124 | |
Loans, net | | | 107,294 | |
Loans held for sale | | | 3,366 | |
Premises and equipment, net | | | 9,221 | |
Bank owned life insurance | | | 7,098 | |
Other intangible assets, net | | | 177 | |
Real estate owned, net | | | 967 | |
Accrued interest and other assets | | | 2,300 | |
TOTAL ASSETS | | $ | 261,055 | |
| | | | |
LIABILITIES AND STOCKHOLDERS' EQUITY: | | | | |
Deposits | | $ | 179,171 | |
Federal Home Loan Bank and other borrowings | | | 56,351 | |
Other liabilities | | | 2,175 | |
Total liabilities | | | 237,697 | |
Stockholders' equity | | | 23,358 | |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 261,055 | |
Exhibit 99.3
First Capital Corporation and Subsidiaries
Condensed Consolidated Statements of Earnings
(dollars in thousands)
| | Nine months ended | | | Nine months ended | |
| | September 30, 2013 | | | September 30, 2012 | |
| | (unaudited) | | | (unaudited) | |
Interest income: | | | | | | | | |
Loans | | $ | 4,539 | | | $ | 5,384 | |
Investment securities and other | | | 2,708 | | | | 3,446 | |
Total interest income | | | 7,247 | | | | 8,830 | |
Interest expense: | | | | | | | | |
Deposits | | | 327 | | | | 602 | |
Borrowed funds | | | 1,474 | | | | 1,794 | |
Total interest expense | | | 1,801 | | | | 2,396 | |
Net interest income | | | 5,446 | | | | 6,434 | |
Provision for loan losses | | | (4 | ) | | | 674 | |
Net interest income after provision for loan losses | | | 5,450 | | | | 5,760 | |
| | | | | | | | |
Non-interest income: | | | | | | | | |
Fees and service charges | | | 1,672 | | | | 1,640 | |
Gains on sales of loans, net | | | 2,033 | | | | 1,124 | |
Bank owned life insurance | | | 187 | | | | 204 | |
Other | | | 1,190 | | | | 706 | |
Total non-interest income | | | 5,082 | | | | 3,674 | |
| | | | | | | | |
Investment securities: | | | | | | | | |
Gains on sales of investment securities, net | | | 619 | | | | 924 | |
| | | | | | | | |
Non-interest expense: | | | | | | | | |
Compensation and benefits | | | 4,374 | | | | 3,916 | |
Occupancy and equipment | | | 1,138 | | | | 1,055 | |
Professional fees | | | 346 | | | | 354 | |
Data processing | | | 439 | | | | 386 | |
Advertising | | | 101 | | | | 89 | |
Federal deposit insurance premiums | | | 228 | | | | 275 | |
Foreclosure and real estate owned expense | | | 1,346 | | | | 44 | |
Other | | | 1,078 | | | | 2,160 | |
Total non-interest expense | | | 9,050 | | | | 8,279 | |
| | | | | | | | |
Earnings before income taxes | | | 2,101 | | | | 2,079 | |
Income tax expense | | | 11 | | | | 73 | |
Net earnings | | $ | 2,090 | | | $ | 2,006 | |