Note 18 - Parent Company Only Statements (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Condensed Balance Sheet [Table Text Block]

	(Dollars in thousands)
	Finward Bancorp
	Condensed Balance Sheets
	December 31,			December 31,
	2022			2021
Assets
Cash on deposit with Peoples Bank	$	2,061		$	1,183
Investment in Peoples Bank		131,431			153,772
Investment in NWIN Risk Management, Inc		2,401			1,970
Dividends receivable from Peoples Bank		1,331			1,070
Other assets		538			581
Total assets	$	137,762		$	158,576
Liabilities and stockholders’ equity
Dividends payable	$	1,333		$	1,079
Other liabilities		36			882
Total liabilities		1,369			1,961
Additional paid in capital		69,032			30,430
Accumulated other comprehensive (loss) income		(64,300	)		4,276
Retained earnings		131,661			121,909
Total stockholders’ equity		136,393			156,615
Total liabilities and stockholders’ equity	$	137,762		$	158,576

Condensed Income Statement [Table Text Block]

	(Dollars in thousands)
	Finward Bancorp
	Condensed Statements of Income
	Year Ended December 31,
	2022			2021
Dividends from Peoples Bank	$	24,263		$	4,880
Dividends from NWIN Risk		925			830
Operating expenses		(117	)		(448	)
Income before income taxes and equity in undistributed income of Peoples Bank		25,071			5,262
Income tax benefit		(50	)		(94	)
Income before equity in undistributed income of Peoples Bank		25,121			5,356
Equity in undistributed
(distributions in excess of income) income of Peoples Bank		(10,472	)		9,413
income of NWIN Risk Management, Inc		431			194
Net income	$	15,080		$	14,963

Condensed Statement of Comprehensive Income [Table Text Block]

	(Dollars in thousands)
	Finward Bancorp
	Condensed Statements of Comprehensive Income
	Year Ended December 31,
	2022			2021
Net Income	$	15,080		$	14,963
Net change in net unrealized gains and losses on securities available-for-sale:
Unrealized loss arising during the period		(89,323	)		(5,816	)
Less: reclassification adjustment for gains included in net income		(662	)		(1,987	)
Net securities loss during the period		(89,985	)		(7,803	)
Tax effect		21,409			1,638
Other comprehensive loss, net of tax		(68,576	)		(6,165	)
Comprehensive (loss) income, net of tax	$	(53,496	)	$	8,798

Condensed Cash Flow Statement [Table Text Block]

	(Dollars in thousands)
	Finward Bancorp
	Condensed Statements of Cash Flows
	Year Ended December 31,
	2022			2021
Cash flows from operating activities:
Net income	$	15,080		$	14,963
Adjustments to reconcile net income to net cash provided by operating activities
Distributions in excess of income (equity in undistributed income):
Peoples Bank		10,472			(9,413	)
NWIN Risk Management, Inc		(431	)		(1,024	)
Stock based compensation expense		741			574
Change in other assets		(218	)		(161	)
Change in other liabilities		(846	)		(120	)
Net cash provided by operating activities		24,798			4,819
Cash flows from investing activities:
Cash and cash equivalents from acquisition activity, net		(18,725	)		-
Investment in Peoples Bank		-			(830	)
Net cash used by investing activities		(18,725	)		(830	)
Cash flows from financing activities:
Dividends paid		(5,075	)		(4,310	)
Net surrender value of restricted stock awards		(120	)		(131	)
Net cash used by financing activities		(5,195	)		(3,867	)
Net change in cash		878			378
Cash at beginning of year		1,183			805
Cash at end of year	$	2,061		$	1,183
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Income taxes		1,347			2,185
Noncash activities:
Dividends declared not paid		1,332			1,079