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

Annual report pursuant to Section 13 and 15(d)

Note 17 - Derivative Financial Instruments (Tables)

Note 17 - Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Derivatives Not Designated as Hedging Instruments [Table Text Block]

December 31, 2019
		Notational or			Asset derivatives						Liability derivatives
(Dollars in thousands)		contractual amount			Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification				Fair value
Interest rate swap contracts		$	29,466		Other assets		$	1,358			Other liabilties				$	1,358
Loan commitments			12,822		Other assets			186			N/A					-
Total		$	42,288				$	1,544							$	1,358

December 31, 2018
		Notational or			Asset derivatives						Liability derivatives
(Dollars in thousands)		contractual amount			Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification				Fair value
Interest rate swap contracts		$	8,649		Other assets		$	196			Other liabilities				$	196
Loan commitments			5,348		Other assets			-			N/A					-
Total		$	13,997				$	196							$	196

			Year-ended
(Dollars in thousands)	Statement of Income Classification		2019				2018
Interest rate swap contracts	Other income		$	371			$	110
Loan commitments	Other income			186				-
Total			$	557			$	110

Offsetting Assets [Table Text Block]

														Gross Amounts not Offset in the
						Gross Amounts				Net Amounts of Assets				Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Assets				Offset in the Statement of Financial Condition				Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
December 31, 2019
Interest rate swap contracts		$	1,358			$	-			$	1,358			$	-			$	-			$	1,358
Loan commitments			186				-				186				-				-				186
Total		$	1,544			$	-			$	1,544			$	-			$	-			$	1,544

														Gross Amounts not Offset in the
						Gross Amounts				Net Amounts of Liabilities				Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Offset in the Statement of Financial Condition				Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
December 31, 2018
Interest rate swap contracts		$	196			$	-			$	196			$	-			$	-			$	196
Loan commitments			-				-				-				-				-				-
Total		$	196			$	-			$	196			$	-			$	-			$	196

Offsetting Liabilities [Table Text Block]

														Gross Amounts not Offset in the
						Gross Amounts				Net Amounts of Liabilities				Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Offset in the Statement of Financial Condition				Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Pledged				Net Amount
December 31, 2019
Interest rate swap contracts		$	1,358			$	-			$	1,358			$	-			$	2,290			$	(932	)
Total		$	1,358			$	-			$	1,358			$	-			$	2,290			$	(932	)

														Gross Amounts not Offset in the
						Gross Amounts				Net Amounts of Liabilities				Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Offset in the Statement of Financial Condition				Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Pledged				Net Amount
December 31, 2018
Interest rate swap contracts		$	196			$	-			$	196			$	-			$	-			$	196
Total		$	196			$	-			$	196			$	-			$	-			$	196