<SEC-DOCUMENT>0001567619-22-002279.txt : 20220201
<SEC-HEADER>0001567619-22-002279.hdr.sgml : 20220201
<ACCEPTANCE-DATETIME>20220201165321
ACCESSION NUMBER:		0001567619-22-002279
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220131
FILED AS OF DATE:		20220201
DATE AS OF CHANGE:		20220201

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Youman Robert W.
		CENTRAL INDEX KEY:			0001907688

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40999
		FILM NUMBER:		22579614

	MAIL ADDRESS:	
		STREET 1:		129 THATCHER AVE.
		CITY:			RIVER FOREST
		STATE:			IL
		ZIP:			60305

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Finward Bancorp
		CENTRAL INDEX KEY:			0000919864
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				351927981
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		9204 COLUMBIA AVE
		CITY:			MUNSTER
		STATE:			IN
		ZIP:			46321
		BUSINESS PHONE:		219 836-9690

	MAIL ADDRESS:	
		STREET 1:		9204 COLUMBIA AVE
		CITY:			MUNSTER
		STATE:			IN
		ZIP:			46321

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTHWEST INDIANA BANCORP
		DATE OF NAME CHANGE:	19940307
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2022-01-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000919864</issuerCik>
        <issuerName>Finward Bancorp</issuerName>
        <issuerTradingSymbol>FNWD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001907688</rptOwnerCik>
            <rptOwnerName>Youman Robert W.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9204 COLUMBIA AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MUNSTER</rptOwnerCity>
            <rptOwnerState>IN</rptOwnerState>
            <rptOwnerZipCode>46321</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2022-01-31</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>16256</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>20256</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">This common stock was received in exchange for a portion of the Reporting Person's shares of Royal Financial, Inc. (&quot;Royal Financial&quot;) common stock in connection with the merger of Royal Financial with and into Finward Bancorp (&quot;Finward&quot;) (the &quot;Merger&quot;).  The Reporting Person received cash for the remaining portion of the Reporting Person's Royal Financial common stock in the Merger.  The exchange ratio in the Merger was 0.4609 shares of Finward common stock for each share of Royal Financial common stock (with cash in lieu paid for fractional shares).  The last closing price of Royal Financial's common stock before the effective time of the Merger was $20.50 per share, and the last closing price of Finward's common stock before the effective time of the Merger was $47.75 per share.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Robert W. Youman</signatureName>
        <signatureDate>2022-02-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
