Finward Bancorp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Derivative Financial Instruments (Tables)

Note 13 - Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Derivatives Not Designated as Hedging Instruments [Table Text Block]

June 30, 2020
		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		$	38,866		Other assets		$	3,778			Other liabilties				$	3,778
Interest rate lock commitments			35,904		Other assets			485			N/A					-
Total		$	74,770				$	4,263							$	3,778

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
Interest rate lock commitments			12,822		Other assets			186			N/A					-
Total		$	42,288				$	1,544							$	1,358

			Six Months Ended
			June 30,
(Dollars in thousands)	Statement of Income Classification		2020				2019
Interest rate swap contracts	Other income		$	231			$	338
Interest rate lock commitments	Gain on sale of loans held-for-sale, net			298				-
Total			$	529			$	338

Offsetting Assets [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
June 30, 2020
Interest rate swap contracts		$	3,778			$	-			$	3,778			$	-			$	-			$	3,778
Interest rate lock commitments			485				-				485				-				-				485
Total		$	4,263			$	-			$	4,263			$	-			$	-			$	4,263

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities 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
Interest rate lock commitments			186				-				186				-				-				186
Total		$	1,544			$	-			$	1,544			$	-			$	-			$	1,544

Offsetting Liabilities [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Pledged				Net Amount
March 31, 2020
Interest rate swap contracts		$	3,778			$	-			$	3,778			$	-			$	3,660			$	118
Total		$	3,778			$	-			$	3,778			$	-			$	3,660			$	118

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities 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	)