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Note 19 - Parent Company Only Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Balance Sheets |
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Assets |  |  |  |  |  |  |  |
Cash on deposit with Peoples Bank |  | $ | 1,183 |  |  | $ | 805 |
Investment in Peoples Bank |  |  | 153,772 |  |  |  | 149,695 |
Investment in NWIN Risk Management, Inc |  |  | 1,970 |  |  |  | 1,775 |
Dividends receivable from Peoples Bank |  |  | 1,070 |  |  |  | 1,070 |
Other assets |  |  | 581 |  |  |  | 420 |
Total assets |  | $ | 158,576 |  |  | $ | 153,765 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |
Dividends payable |  | $ | 1,079 |  |  | $ | 1,074 |
Other liabilities |  |  | 882 |  |  |  | 1,002 |
Total liabilities |  |  | 1,961 |  |  |  | 2,076 |
Additional paid in capital |  |  | 30,430 |  |  |  | 29,987 |
Accumulated other comprehensive (loss) income |  |  | 4,276 |  |  |  | 10,441 |
Retained earnings |  |  | 121,909 |  |  |  | 111,261 |
Total stockholders’ equity |  |  | 156,615 |  |  |  | 151,689 |
Total liabilities and stockholders’ equity |  | $ | 158,576 |  |  | $ | 153,765 |
Condensed Income Statement [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Income |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Dividends from Peoples Bank |  | $ | 4,880 |  |  | $ | 3,395 |
Operating expenses |  |  | 448 |  |  |  | 413 |
Income before income taxes and equity in undistributed income of Peoples Bank |  |  | 4,432 |  |  |  | 2,982 |
Income tax benefit |  |  | (94 | ) |  |  | (86 | )
Income before equity in undistributed income of Peoples Bank |  |  | 4,526 |  |  |  | 3,068 |
Equity in undistributed (distributions in excess of income) income of Peoples Bank |  |  | 9,413 |  |  |  | 11,941 |
income of NWIN Risk Management, Inc |  |  | 1,024 |  |  |  | 923 |
Net income |  | $ | 14,963 |  |  | $ | 15,932 |
Condensed Statement of Comprehensive Income [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Comprehensive Income |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Net Income |  | $ | 14,963 |  |  | $ | 15,932 |
Net change in net unrealized gains and losses on securities available-for-sale: |  |  |  |  |  |  |  |
Unrealized (loss) gain arising during the period |  |  | (5,816 | ) |  |  | 10,169 |
Less: reclassification adjustment for gains included in net income |  |  | (1,987 | ) |  |  | (2,348 | )
Net securities gain during the period |  |  | (7,803 | ) |  |  | 7,821 |
Tax effect |  |  | 1,638 |  |  |  | (1,641 | )
Net of tax amount |  |  | (6,165 | ) |  |  | 6,180 |
Comprehensive income, net of tax |  | $ | 8,798 |  |  | $ | 22,112 |
Condensed Cash Flow Statement [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Cash Flows |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income |  | $ | 14,963 |  |  | $ | 15,932 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |
Distributions in excess of income (equity in undistributed income): |  |  |  |  |  |  |  |
Peoples Bank |  |  | (9,413 | ) |  |  | (11,941 | )
NWIN Risk Management, Inc |  |  | (1,024 | ) |  |  | (923 | )
Distribution from NWIN Risk Management, Inc |  |  | 830 |  |  |  | 884 |
Stock based compensation expense |  |  | 574 |  |  |  | 415 |
Change in other assets |  |  | (161 | ) |  |  | 190 |
Change in other liabilities |  |  | (120 | ) |  |  | 433 |
Net cash - operating activities |  |  | 5,649 |  |  |  | 4,990 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Investment in Peoples Bank |  |  | (830 | ) |  |  | - |
Net cash - investing activities |  |  | (830 | ) |  |  | - |
Cash flows from financing activities: |  |  |  |  |  |  |  |
Dividends paid |  |  | (4,310 | ) |  |  | (4,291 | )
Net surrender value of restricted stock awards |  |  | (131 | ) |  |  | (85 | )
Net cash - financing activities |  |  | (4,441 | ) |  |  | (4,376 | )
Net change in cash |  |  | 378 |  |  |  | 614 |
Cash at beginning of year |  |  | 805 |  |  |  | 191 |
Cash at end of year |  | $ | 1,183 |  |  | $ | 805 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |  |  |  |  |  |  |  |
Cash paid during the period for: |  |  |  |  |  |  |  |
Income taxes |  |  | 2,185 |  |  |  | 1,025 |
Noncash activities: |  |  |  |  |  |  |  |
Dividends declared not paid |  |  | 1,079 |  |  |  | 1,074 |

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