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Note 17 - Parent Company Only Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Balance Sheets |
|  | December 31, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |  |
Cash on deposit with Peoples Bank |  | $ | 3,904 |  |  | $ | 3,846 |
Investment in Peoples Bank |  |  | 150,543 |  |  |  | 144,266 |
Dividends receivable from Peoples Bank |  |  | - |  |  |  | 516 |
Other assets |  |  | 215 |  |  |  | - |
Total assets |  | $ | 154,662 |  |  | $ | 148,628 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |
Dividends payable |  | $ | 518 |  |  | $ | 516 |
Other liabilities |  |  | 2,730 |  |  |  | 767 |
Total liabilities |  |  | 3,248 |  |  |  | 1,283 |
Additional paid in capital |  |  | 70,034 |  |  |  | 69,555 |
Accumulated other comprehensive (loss) |  |  | (58,084 | ) |  |  | (51,613 | )
Retained earnings |  |  | 139,464 |  |  |  | 129,403 |
Total stockholders’ equity |  |  | 151,414 |  |  |  | 147,345 |
Total liabilities and stockholders’ equity |  | $ | 154,662 |  |  | $ | 148,628 |
Condensed Income Statement [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Income |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Dividends from Peoples Bank |  | $ | - |  |  | $ | 4,529 |
Dividends from NWIN Risk |  |  | - |  |  |  | 66 |
Operating expenses |  |  | (65 | ) |  |  | (104 | )
Income before income taxes and equity in undistributed income of Peoples Bank |  |  | (65 | ) |  |  | 4,491 |
Income tax (benefit) |  |  | (12 | ) |  |  | (21 | )
Income before equity in undistributed income of Peoples Bank |  |  | (53 | ) |  |  | 4,512 |
Equity in undistributed income of Peoples Bank |  |  | 12,183 |  |  |  | 3,137 |
income of NWIN Risk Management, Inc. |  |  | - |  |  |  | 731 |
Net income |  | $ | 12,130 |  |  | $ | 8,380 |
Condensed Statement of Comprehensive Income [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Comprehensive Income |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Net Income |  | $ | 12,130 |  |  | $ | 8,380 |
Net change in net unrealized gains and losses on securities available-for-sale: |  |  |  |  |  |  |  |
Unrealized gain (loss) arising during the period |  |  | (9,042 | ) |  |  | 16,630 |
Less: reclassification adjustment for losses included in net income |  |  | 531 |  |  |  | 48 |
Net securities gain (loss) during the period |  |  | (8,511 | ) |  |  | 16,678 |
Tax effect |  |  | 2,040 |  |  |  | (3,991 | )
Other comprehensive (loss) income, net of tax |  |  | (6,471 | ) |  |  | 12,687 |
Comprehensive income, net of tax |  | $ | 5,659 |  |  | $ | 21,067 |
Condensed Cash Flow Statement [Table Text Block] |
|  | (Dollars in thousands) |
|  | Finward Bancorp |
|  | Condensed Statements of Cash Flows |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income |  | $ | 12,130 |  |  | $ | 8,380 |
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |  |  |  |
Distributions in excess of income (equity in undistributed income): |  |  |  |  |  |  |  |
Peoples Bank |  |  | (12,183 | ) |  |  | (3,137 | )
NWIN Risk Management, Inc. |  |  | - |  |  |  | (729 | )
Change in intercompany payable |  |  | 2,176 |  |  |  | - |
Change in other assets |  |  | 303 |  |  |  | 1,353 |
Change in other liabilities |  |  | (213 | ) |  |  | 1,449 |
Total adjustments |  |  | (9,917 | ) |  |  | (3,867 | )
Net cash provided by operating activities |  |  | 2,213 |  |  |  | 7,316 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Net cash used in investing activities |  |  | - |  |  |  | - |
Cash flows from financing activities: |  |  |  |  |  |  |  |
Dividends paid |  |  | (2,069 | ) |  |  | (5,335 | )
Net surrender value of restricted stock awards |  |  | (86 | ) |  |  | (196 | )
Net cash used in financing activities |  |  | (2,155 | ) |  |  | (5,531 | )
Net change in cash |  |  | 58 |  |  |  | 1,785 |
Cash at beginning of year |  |  | 3,846 |  |  |  | 2,061 |
Cash at end of year |  | $ | 3,904 |  |  | $ | 3,846 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |  |  |  |  |  |  |  |
Cash paid during the period for: |  |  |  |  |  |  |  |
Income taxes |  | $ | 415 |  |  | $ | 335 |
Dividends declared not paid |  |  | 518 |  |  |  | 516 |

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