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

Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of the Bancorp’s stock option activity for 2012 and 2011 follows:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Shares			Price		Term (Years)		Value
Outstanding at January 1, 2011		49,247		$	24.27
Granted		-			-
Exercised		-			-
Forfeited or expired		(8,747	)		19.50
Outstanding at end of year		40,500		$	25.30		1.1	$	-
Vested or expected to vest		40,500		$	25.30		1.1	$	-
Exercisable at December 31, 2011		39,500		$	25.22		1.0	$	-

Granted		-			-
Exercised		-			-
Forfeited or expired		(14,550	)		22.15
Outstanding at end of year		25,950		$	27.06		0.7	$	-
Vested or expected to vest		25,950		$	27.06		0.7	$	-
Exercisable at December 31, 2012		24,950		$	27.01		0.5	$	-

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

A summary of changes in the Bancorp’s non-vested restricted stock for 2012 and 2011 follows:

				Weighted
				Average
				Grant Date
Non-vested Shares	Shares			Fair Value
Non-vested at January 1, 2011		6,750		$	25.72
Granted		-			-
Vested		(3,000	)		31.57
Forefited		-			-
Non-vested at December 31, 2011		3,750			25.72

Granted		-			-
Vested		(350	)		29.75
Forefited		-			-
Non-vested at December 31, 2012		3,400		$	20.15

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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