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

Note 17 - Fair Values of Financial Instruments - Fair Value of Financial Instruments (Details)

Note 17 - Fair Values of Financial Instruments - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Reported Value Measurement [Member]
Cash and cash equivalents	$ 31,282	$ 33,176
Certificates of deposit in other financial institutions	2,456	1,709
Loans held-for-sale	1,543	4,987
Loans receivable, net	1,500,734	953,377
Federal Home Loan Bank stock	6,547	3,247
Accrued interest receivable	7,421	5,444
Non-interest bearing deposits	359,092	295,294
Interest bearing deposits	1,415,925	1,138,907
Repurchase agreements	15,503	14,581
Borrowed funds	120,000
Accrued interest payable	336	22
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	31,282	33,176
Certificates of deposit in other financial institutions	2,404	1,737
Loans held-for-sale	1,555	5,065
Loans receivable, net	1,437,496	951,744
Federal Home Loan Bank stock	6,547	3,247
Accrued interest receivable	7,421	5,444
Non-interest bearing deposits	359,092	295,294
Interest bearing deposits	1,414,738	1,139,126
Repurchase agreements	15,361	14,579
Borrowed funds	119,689
Accrued interest payable	336	22
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	31,282	33,176
Certificates of deposit in other financial institutions	0	0
Loans held-for-sale	0	0
Loans receivable, net	0	0
Federal Home Loan Bank stock	0	0
Accrued interest receivable	0	0
Non-interest bearing deposits	359,092	295,294
Interest bearing deposits	1,052,807	899,690
Repurchase agreements	7,975	12,842
Borrowed funds	0
Accrued interest payable	0	0
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Certificates of deposit in other financial institutions	2,404	1,737
Loans held-for-sale	1,555	5,065
Loans receivable, net	0	0
Federal Home Loan Bank stock	6,547	3,247
Accrued interest receivable	7,421	5,444
Non-interest bearing deposits	0	0
Interest bearing deposits	361,931	239,436
Repurchase agreements	7,386	1,737
Borrowed funds	119,689
Accrued interest payable	336	22
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Certificates of deposit in other financial institutions	0	0
Loans held-for-sale	0	0
Loans receivable, net	1,437,496	951,744
Federal Home Loan Bank stock	0	0
Accrued interest receivable	0	0
Non-interest bearing deposits	0	0
Interest bearing deposits	0	0
Repurchase agreements	0	0
Borrowed funds	0
Accrued interest payable	$ 0	$ 0