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Note 17 - Parent Company Only Statements (Tables)

12 Months Ended

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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- Definition

Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations.

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-Number 210
-Section 12
-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subsection 04
-Paragraph a
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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