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Parent Company Only Statements
 12 Months Ended
Dec. 31, 2011
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 18 - Parent Company Only Statements

 

    (Dollars in thousands)  
    NorthWest Indiana Bancorp  
    Condensed Balance Sheets  
    December 31,  
    2011     2010  
Assets                
Cash on deposit with Peoples Bank   $ 1,191     $ 1,093  
Investment in Peoples Bank     62,601       55,754  
Dividends receivable from Peoples Bank     425       427  
Other assets     127       102  
Total assets   $ 64,344     $ 57,376  
                 
Liabilities and stockholders’ equity                
Dividends payable   $ 425     $ 427  
Other liabilities     959       860  
Total liabilities     1,384       1,287  
                 
Common stock     361       361  
Additional paid in capital     5,173       5,140  
Accumulated other comprehensive income (loss)     2,536       (492 )
Retained earnings     56,032       52,398  
Treasury stock     (1,142 )     (1,318 )
Total stockholders’ equity     62,960       56,089  
Total liabilities and stockholders’ equity   $ 64,344     $ 57,376  

 

    (Dollars in thousands)  
    NorthWest Indiana Bancorp  
    Condensed Statements of Income  
    Year Ended December 31,  
    2011     2010  
             
Dividends from Peoples Bank   $ 1,699     $ 1,443  
Operating expenses     204       201  
Income before income taxes and equity  in undistributed income of Peoples Bank     1,495       1,242  
Income tax benefit     (69 )     (72 )
Income before equity in undistributed  income of Peoples Bank     1,564       1,314  
Equity in undistributed  income of Peoples Bank     3,821       3,865  
Net income   $ 5,385     $ 5,179  

 

    (Dollars in thousands)  
    NorthWest Indiana Bancorp  
    Condensed Statements of Cash Flows  
    Year Ended December 31,  
    2011     2010  
             
Cash flows from operating activities:                
Net income   $ 5,385     $ 5,179  
Adjustments to reconcile net income to                
net cash from operating activities                
Equity in undistributed net income of Peoples Bank     (4,139 )     (2,877 )
Deferred tax expense/(benefit)     318       (988 )
Stock based compensation expense     33       36  
Change in other assets     (23 )     (421 )
Change in other liabilities     99       (478 )
Total adjustments     (3,712 )     (4,728 )
Net cash from operating activities     1,673       451  
                 
Cash flows from investing activities     -       -  
                 
Cash flows from financing activities:                
Dividends paid     (1,699 )     (2,200 )
Proceeds from sale of treasury stock     124       151  
Net cash used in financing activities     (1,575 )     (2,049 )
Net change in cash     98       (1,598 )
Cash at beginning of year     1,093       2,691  
Cash at end of year   $ 1,191     $ 1,093