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

Note 14 - Fair Value - Fair Value of Financial Instruments (Details)

Note 14 - Fair Value - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Reported Value Measurement [Member]
Cash and cash equivalents	$ 115,673	$ 31,282
Loans held-for-sale	1,832	1,543
Loans receivable, net	1,514,654	1,500,734
Federal Home Loan Bank stock	6,547	6,547
Accrued interest receivable	7,714	7,421
Non-interest bearing deposits	315,671	359,092
Interest bearing deposits	1,479,476	1,415,925
Repurchase agreements	46,402	15,503
Borrowed funds	150,000	120,000
Accrued interest payable	1,630	336
Certificates of deposit in other financial institutions		2,456
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	115,673	31,282
Loans held-for-sale	1,859	1,555
Loans receivable, net	1,422,459	1,437,496
Federal Home Loan Bank stock	6,547	6,547
Accrued interest receivable	7,714	7,421
Non-interest bearing deposits	315,671	359,092
Interest bearing deposits	1,476,202	1,414,738
Repurchase agreements	46,226	15,361
Borrowed funds	149,147	119,689
Accrued interest payable	1,630	336
Certificates of deposit in other financial institutions		2,404
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	115,673	31,282
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	315,671	359,092
Interest bearing deposits	974,771	1,052,807
Repurchase agreements	39,420	7,975
Borrowed funds	0	0
Accrued interest payable	0	0
Certificates of deposit in other financial institutions		0
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Loans held-for-sale	1,859	1,555
Loans receivable, net	0	0
Federal Home Loan Bank stock	6,547	6,547
Accrued interest receivable	7,714	7,421
Non-interest bearing deposits	0	0
Interest bearing deposits	501,431	361,931
Repurchase agreements	6,806	7,386
Borrowed funds	149,147	119,689
Accrued interest payable	1,630	336
Certificates of deposit in other financial institutions		2,404
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Loans held-for-sale	0	0
Loans receivable, net	1,422,459	1,437,496
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	0
Accrued interest payable	$ 0	0
Certificates of deposit in other financial institutions		$ 0