Finward Bancorp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Borrowed Funds (Tables)

Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2017

Schedule Of Federal Home Loan Bank Advances Borrowed Funds [Table Text Block]

At year end, borrowed funds are summarized below:

	(Dollars in thousands)
	2017		2016
Fixed rate advances from the FHLB	$	17,100	$	25,100
Line of credit at FHLB		3,181		28
Other		600		700
Total	$	20,881	$	25,828

Schedule Of Federal Home Loan Bank Advances Rolling Maturity [Table Text Block]

At December 31, 2017, scheduled maturities of borrowed funds were as follows:

	(Dollars in thousands)
2018	$	9,881
2019		9,000
2020		2,000
Total	$	20,881

Schedule Of Federal Home Loan Bank Advances Activity For Year [Table Text Block]

Repurchase agreements generally mature within one year and are secured by U.S. government and U.S. agency securities, under the Bancorp’s control. At December 31, information concerning these retail repurchase agreements is summarized below:

	(Dollars in thousands)
	2017			2016
Ending balance	$	11,300		$	13,998
Average balance during the year		13,734			17,755
Maximum month-end balance during the year		17,720			23,308
Securities underlying the agreements at year end:
Carrying value		18,053			23,571
Fair value		18,053			23,571
Average interest rate during the year		0.82	%		0.55	%
Average interest rate at year end		0.91	%		0.56	%

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]

At December 31, advances from the Federal Home Loan Bank were as follows:

	(Dollars in thousands)
	2017		2016
Fixed rate advances, maturing January 2018 through June 2020 at rates from 0.97% to 2.11%; average rate: 2017 1.67%; 2016 1.40%	$	17,100	$	25,100