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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

Note 5 - Loans Receivable - Allowance for Loan Losses, by Loan Segment (Details)

v3.22.2.2

Note 5 - Loans Receivable - Allowance for Loan Losses, by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Beginning Balance	$ 13,406	$ 13,639	$ 13,343	$ 12,458
Recoveries	62	28	162	77
Provisions		139		1,293
Ending Balance	13,398	13,774	13,398	13,774
Charge-offs	(70)	(32)	(107)	(54)
Residential Portfolio Segment [Member]
Beginning Balance	2,756	2,294	2,480	2,211
Recoveries	8	21	58	46
Provisions	246	188	472	250
Ending Balance	3,010	2,475	3,010	2,475
Charge-offs		(28)		(32)
Home Equity Portfolio Segment [Member]
Beginning Balance	373	371	357	276
Provisions	22	3	38	99
Ending Balance	395	374	395	374
Charge-offs		0		(1)
Commercial Real Estate Portfolio Segment [Member]
Beginning Balance	5,527	5,939	5,515	5,406
Provisions	(27)	413	(15)	946
Ending Balance	5,500	6,352	5,500	6,352
Construction and Land Development Portfolio Segment [Member]
Beginning Balance	1,744	1,798	2,119	1,405
Provisions	(229)	90	(604)	483
Ending Balance	1,515	1,888	1,515	1,888
Multifamily Portfolio Segment [Member]
Beginning Balance	1,128	740	848	626
Provisions	108	47	388	161
Ending Balance	1,236	787	1,236	787
Commercial Portfolio Segment [Member]
Beginning Balance	1,808	2,474	2,009	2,508
Recoveries	50	6	88	25
Provisions	(100)	(594)	(339)	(647)
Ending Balance	1,701	1,886	1,701	1,886
Charge-offs	(57)
Consumer Portfolio Segment [Member]
Beginning Balance	70	23	15	26
Recoveries	4	1	16	6
Provisions	(20)	(8)	60	1
Ending Balance	41	12	41	12
Charge-offs	(13)	$ (4)	(50)	$ (21)
Manufactured Homes Portfolio Segment [Member]
Ending Balance	0		0
Government Portfolio Segment [Member]
Ending Balance	$ 0		$ 0

- Definition

Amount of recovery of loans and lease receivables which had previously been fully or partially written-off as bad debts.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)(4)
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

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- Definition

Amount of loans and leases that have been written off from both loan receivables and allowance reserve for credit loss.

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- Definition

Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.

+ References

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- Definition

Amount of expense related to estimated loss from loan and lease transactions.

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