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

Note 8 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

(dollars in thousands except per share data)	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Basic earnings per common share:
Net income as reported	$	4,431	$	3,571	$	6,566	$	8,114
Weighted average common shares outstanding		4,242,559		3,478,392		4,108,579		3,475,017
Basic earnings per common share	$	1.04	$	1.03	$	1.60	$	2.33

Diluted earnings per common share:
Net income as reported	$	4,431	$	3,571	$	6,566	$	8,114
Weighted average common shares outstanding		4,242,559		3,478,392		4,108,579		3,475,017
Add: Dilutive effect of unvested restricted stock awards		15,944		-		16,316		-
Weighted average common and dilutive potential common shares outstanding		4,258,503		3,478,392		4,124,895		3,475,017
Diluted earnings per common share	$	1.04	$	1.03	$	1.59	$	2.33