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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported) November 13, 2006
                                                        -----------------


                               FIRST CAPITAL, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)

      Indiana                       0-25023                  35-2056949
      -------                       ---------                ----------
(State or other jurisdiction of    (Commission              (IRS Employer
         incorporation)            File Number)             Identification No.)

      220 Federal Drive N.W., Corydon, Indiana              47112
      ----------------------------------------              -----
      (Address of principal executive offices)              (Zip Code)

       Registrant's telephone number, including area code: (812) 738-2198
                                                           --------------

                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01       OTHER EVENTS.
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      On November 13, 2006, First Capital, Inc., the holding company for First
Harrison Bank, mailed a third quarter report to its shareholders for the quarter
ended September 30, 2006. The quarterly report to shareholders for the quarter
ended September 30, 2006 is included as Exhibit 99.1 and incorporated herein by
reference.

ITEM 9.01       FINANCIAL STATEMENTS AND EXHIBITS.
                ---------------------------------

      (a)       Financial Statements of Businesses Acquired: Not applicable

      (b)       Pro Forma Financial Information: Not applicable

      (c)       Shell Company Transactions: Not applicable

      (d)       Exhibits

                Number            Description
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                99.1              Third Quarter Report to Shareholders



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                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        FIRST CAPITAL, INC.


Dated: November 20, 2006                By: /s/ M. Chris Frederick
                                            ------------------------------------
                                            M. Chris Frederick
                                            Senior Vice President and Chief
                                            Financial Officer