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Note 18 - Parent Company Only Statements (Tables) | 12 Months Ended
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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 |

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