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

Annual report pursuant to Section 13 and 15(d)

Premises and Equipment, Net (Tables)

Premises and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

At year end, premises and equipment are summarized as follows:

	(Dollars in thousands)
	2012			2011
Cost:
Land	$	4,540		$	4,540
Buildings and improvements		19,277			19,171
Furniture and equipment		11,244			11,051
Total cost		35,061			34,762
Less accumulated depreciation		(17,383	)		(16,520	)
Premises and equipment, net	$	17,678		$	18,242

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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