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

Annual report pursuant to Section 13 and 15(d)

Note 10 - Borrowed Funds (Tables)

Note 10 - Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Federal Home Loan Bank Advances Borrowed Funds [Table Text Block]

		(Dollars in thousands)
		2020				2019
Fixed rate advances from the FHLB		$	6,000			$	14,000
Other			149				-
Total		$	6,149			$	14,000

Schedule of Federal Home Loan Bank Advances Rolling Maturity [Table Text Block]

		(Dollars in thousands)
2021		$	6,000
Total		$	6,000

Schedule of Federal Home Loan Bank Advances Activity for Year Table Text Block]

		(Dollars in thousands)
		2020				2019
Ending balance		$	13,711			$	11,499
Average balance during the year			16,975				12,928
Maximum month-end balance during the year			21,100				20,628
Securities underlying the agreements at year end:
Carrying value			23,860				16,961
Fair value			23,860				16,961
Average interest rate during the year			0.58	%			1.80	%
Average interest rate at year end			0.32	%			1.51	%

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]

		(Dollars in thousands)
		2020				2019
Fixed rate advances, maturing January 2021 through March 2021 at rates from 2.65% to 2.68%; average rate: 2020 – 2.66%; 2019 – 2.62		$	6,000			$	14,000