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

Note 11 - Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

	Three months ended
(dollars in thousands except per share data)	March 31,
	2023		2022
Basic earnings per common share:
Net income as reported	$	2,240	$	2,135
Weighted average common shares outstanding		4,342,386		4,020,815
Basic earnings per common share	$	0.52	$	0.53

Diluted earnings per common share:
Net income as reported	$	2,240	$	2,135
Weighted average common shares outstanding		4,342,386		4,020,815
Add: Dilutive effect of unvested restricted stock awards		11,487		-
Weighted average common and dilutive potential common shares outstanding		4,353,873		4,020,815
Diluted earnings per common share	$	0.51	$	0.53