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Note 18 - Parent Company Only Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Balance Sheets |
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |  |  |
Cash on deposit with Peoples Bank |  | $ | 3,846 |  |  | $ | 2,061 |
Investment in Peoples Bank |  |  | 144,266 |  |  |  | 131,431 |
Investment in NWIN Risk Management, Inc |  |  | - |  |  |  | 2,401 |
Dividends receivable from Peoples Bank |  |  | 516 |  |  |  | 1,331 |
Other assets |  |  | - |  |  |  | 538 |
Total assets |  | $ | 148,628 |  |  | $ | 137,762 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |
Dividends payable |  | $ | 516 |  |  | $ | 1,333 |
Other liabilities |  |  | 767 |  |  |  | 36 |
Total liabilities |  |  | 1,283 |  |  |  | 1,369 |
Additional paid in capital |  |  | 69,555 |  |  |  | 69,032 |
Accumulated other comprehensive (loss) |  |  | (51,613 | ) |  |  | (64,300 | )
Retained earnings |  |  | 129,403 |  |  |  | 131,661 |
Total stockholders’ equity |  |  | 147,345 |  |  |  | 136,393 |
Total liabilities and stockholders’ equity |  | $ | 148,628 |  |  | $ | 137,762 |
Condensed Income Statement [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Income |
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Dividends from Peoples Bank |  | $ | 4,529 |  |  | $ | 24,263 |
Dividends from NWIN Risk |  |  | 66 |  |  |  | 925 |
Operating expenses |  |  | (104 | ) |  |  | (117 | )
Income before income taxes and equity in undistributed income of Peoples Bank |  |  | 4,491 |  |  |  | 25,071 |
Income tax benefit |  |  | (21 | ) |  |  | (50 | )
Income before equity in undistributed income of Peoples Bank |  |  | 4,512 |  |  |  | 25,121 |
Equity in undistributed (distributions in excess of) income of Peoples Bank income of NWIN Risk Management, Inc |  |  | 731 |  |  |  | 431 |
Net income |  | $ | 8,380 |  |  | $ | 15,080 |
Condensed Statement of Comprehensive Income [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Comprehensive Income |
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Net Income |  | $ | 8,380 |  |  | $ | 15,080 |
Net change in net unrealized gains and losses on securities available-for-sale: |  |  |  |  |  |  |  |
Unrealized loss arising during the period |  |  | 16,630 |  |  |  | (89,323 | )
Less: reclassification adjustment for gains (loss) included in net income |  |  | 48 |  |  |  | (662 | )
Net securities gain (loss) during the period |  |  | 16,678 |  |  |  | (89,985 | )
Tax effect |  |  | (3,991 | ) |  |  | 21,409 |
Other comprehensive loss, net of tax |  |  | 12,687 |  |  |  | (68,576 | )
Comprehensive (loss) income, net of tax |  | $ | 21,067 |  |  | $ | (53,496 | )
Condensed Cash Flow Statement [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Cash Flows |
|  | Year Ended December 31, |
|  | 2023 |  |  | 2021 |
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income |  | $ | 8,380 |  |  | $ | 15,080 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |
Distributions in excess of income (equity in undistributed income): |  |  |  |  |  |  |  |
Peoples Bank |  |  | (3,137 | ) |  |  | 10,472 |
NWIN Risk Management, Inc |  |  | (729 | ) |  |  | (431 | )
Stock based compensation expense |  |  | 718 |  |  |  | 741 |
Change in other assets |  |  | 1,353 |  |  |  | (218 | )
Change in other liabilities |  |  | 731 |  |  |  | (846 | )
Net cash provided by operating activities |  |  | 7,316 |  |  |  | 24,798 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Cash and cash equivalents from acquisition activity, net |  |  | - |  |  |  | (18,725 | )
Net cash used in investing activities |  |  | - |  |  |  | (18,725 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Dividends paid |  |  | (5,335 | ) |  |  | (5,075 | )
Net surrender value of restricted stock awards |  |  | (196 | ) |  |  | (120 | )
Net cash used in financing activities |  |  | (5,531 | ) |  |  | (5,195 | )
Net change in cash |  |  | 1,784 |  |  |  | 878 |
Cash at beginning of year |  |  | 2,061 |  |  |  | 1,183 |
Cash at end of year |  | $ | 3,846 |  |  | $ | 2,061 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |  |  |  |  |  |  |  |
Cash paid during the period for: |  |  |  |  |  |  |  |
Income taxes |  | $ | 335 |  |  | $ | 1,347 |
Dividends declared not paid |  |  | 516 |  |  |  | 1,332 |

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