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

Annual report pursuant to Section 13 and 15(d)

Note 7 - Goodwill and Other Intangible Assets (Tables)

Note 7 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

The annual amortization for the twelve months ended December 31, is as follows:

(dollars in thousands)		First Federal				Liberty Savings				First Personal				AJ Smith				Total
2019		$	12			$	58			$	475			$	411			$	545
2020			12				58				475				449				994

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The expected future annual amortization for the twelve months ended December 31, as follows:

(dollars in thousands)		First Federal				Liberty Savings				First Personal				AJ Smith				Total
2021			12				58				475				449				994
2022			1				58				475				449				983
2023			-				38				475				449				962
2024			-				-				470				449				919
2025			-				-				-				261				261
Total		$	13			$	154			$	1,895			$	2,057			$	4,119