XML 66 R40.htm IDEA: XBRL DOCUMENT

Parent Company Only Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

		(Dollars in thousands)
		NorthWest Indiana Bancorp
		Condensed Balance Sheets
		December 31,
		2014				2013
Assets
Cash on deposit with Peoples Bank		$	143			$	142
Investment in Peoples Bank			75,781				66,301
Dividends receivable from Peoples Bank			711				625
Other assets			313				597
Total assets		$	76,948			$	67,666

Liabilities and stockholders’ equity
Dividends payable		$	711			$	625
Other liabilities			72				280
Total liabilities			783				905

Common stock			361				361
Additional paid in capital			4,062				4,032
Accumulated other comprehensive income			1,588				(3,151	)
Retained earnings			70,154				65,519
Total stockholders’ equity			76,165				66,761
Total liabilities and stockholders’ equity		$	76,948			$	67,666

Condensed Income Statement [Table Text Block]

		(Dollars in thousands)
		NorthWest Indiana Bancorp
		Condensed Statements of Income
		Year Ended December 31,
		2014				2013

Dividends from Peoples Bank		$	2,759			$	2,741
Operating expenses			154				138
Income before income taxes and equity in undistributed income of Peoples Bank			2,605				2,603
Income tax benefit			(49	)			(45	)
Income before equity in undistributed income of Peoples Bank			2,654				2,648
Equity in undistributed income of Peoples Bank			4,740				4,470
Net income		$	7,394			$	7,118

Condensed Cash Flow Statement [Table Text Block]

		(Dollars in thousands)
		NorthWest Indiana Bancorp
		Condensed Statements of Cash Flows
		Year Ended December 31,
		2014				2013

Cash flows from operating activities:
Net income		$	7,394			$	7,118
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed net income of Peoples Bank			(4,740	)			(4,470	)
Stock based compensation expense			61				40
Change in other assets			198				(279	)
Change in other liabilities			(208	)			203
Total adjustments			(4,689	)			(4,506	)
Net cash - operating activities			2,705				2,612

Cash flows from investing activities			-				-

Cash flows from financing activities:
Dividends paid			(2,673	)			(2,328	)
Treasury stock purchased			(31	)			(173	)
Proceeds from sale of treasury stock			-				30
Net cash - financing activities			(2,704	)			(2,471	)
Net change in cash			1				141
Cash at beginning of year			142				1
Cash at end of year		$	143			$	142