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

Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Basis of Presentation - Revision of Previously Issued Financial Statements (Details)

Note 1 - Basis of Presentation - Revision of Previously Issued Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Jan. 01, 2021	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2019
Loans receivable	$ 969,491				$ 969,491			$ 965,146
Net loans receivable	955,852				955,852			952,688
Other assets	13,483				13,483			13,880
Total assets	1,603,513				1,603,513			1,496,292
Retained earnings	117,219				117,219			111,261
Total shareholders' equity	155,569	$ 148,770	$ 144,329	$ 140,015	155,569	$ 144,329	$ 151,689	151,689	$ 133,542	$ 133,542
Total liabilities and Stockholders' equity	1,603,513				1,603,513			1,496,292
Compensation and benefits	5,897		5,620		11,582	10,930
Total noninterest expense	11,010		10,013		21,503	20,105
Income before income tax expense	3,966		5,940		9,254	9,551
Income tax expenses	395		1,089		1,140	1,587
Net income	$ 3,571	4,543	$ 4,851	3,113	$ 8,114	$ 7,964
Basic (in dollars per share)	$ 1.03		$ 1.40		$ 2.33	$ 2.30
Diluted (in dollars per share)	$ 1.03		$ 1.40		$ 2.33	$ 2.30
Comprehensive income, net of tax	$ 7,800	(1,918)	$ 5,279	7,538	$ 5,882	$ 12,817
Net change in other assets					(1,728)	1,708
Net cash - operating activities					13,516	10,897
Net change in loan					(1,660)	70,211
Net cash - investing activities					(59,957)	(85,634)
Retained Earnings [Member]
Total shareholders' equity	117,219	114,725	105,441	101,663	$ 117,219	105,441	111,261	111,261	99,624	$ 99,624
Net income	3,571	4,543	4,851	3,113
Comprehensive income, net of tax
Previously Reported [Member]
Loans receivable								966,578
Net loans receivable								954,120
Other assets								13,681
Total assets								1,497,525
Retained earnings								112,494
Total shareholders' equity		150,139	145,181	140,655		145,181	152,922	152,922	134,103
Total liabilities and Stockholders' equity								1,497,525
Compensation and benefits			5,371			10,588
Total noninterest expense			9,764			19,763
Income before income tax expense			6,189			9,893
Income tax expenses			1,126			1,638
Net income		4,679	$ 5,063	3,192		$ 8,255
Basic (in dollars per share)			$ 1.46			$ 2.39
Diluted (in dollars per share)			$ 1.46			$ 2.39
Comprehensive income, net of tax			$ 5,491			$ 13,108
Net change in other assets						1,657
Net cash - operating activities						11,239
Net change in loan						70,553
Net cash - investing activities						(85,976)
Previously Reported [Member] \| Retained Earnings [Member]
Total shareholders' equity		116,094	106,293	102,303		106,293	112,494		100,185
Revision of Prior Period, Error Correction, Adjustment [Member]
Loans receivable								(1,432)
Net loans receivable								(1,432)
Other assets								199
Total assets								(1,233)
Retained earnings								(1,233)
Total shareholders' equity		(1,369)	(852)	(640)		(852)	(1,233)	(1,233)	(561)
Total liabilities and Stockholders' equity								$ (1,233)
Compensation and benefits			249			342
Total noninterest expense			249			342
Income before income tax expense			(249)			(342)
Income tax expenses			(37)			(51)
Net income		(136)	$ (212)	(79)		$ (291)
Basic (in dollars per share)			$ (0.06)			$ (0.09)
Diluted (in dollars per share)			$ (0.06)			$ (0.09)
Comprehensive income, net of tax			$ (212)			$ (291)
Net change in other assets						51
Net cash - operating activities						(342)
Net change in loan						(342)
Net cash - investing activities						342
Revision of Prior Period, Error Correction, Adjustment [Member] \| Retained Earnings [Member]
Total shareholders' equity		$ (1,369)	$ (852)	$ (640)		$ (852)	$ (1,233)		$ (561)